Under the merger agreement, Unicom will swap 1.508 new Hong Kong shares for each existing Netcom share.Unicom will swap 3.016 new American depositary shares for each existing China Netcom ADS.

• 根据合并协议，现有每股中国网通H股将换得1.；508股中国联通新H股，每股中国网通ADS将换得3