The board of China Mobile Limited announced that the Company and CMCC entered into the 2021 Telecommunications Network Operation Assets Leasing Agreement for a term of one year commencing on 1 January 2021, to govern the continuing connected transactions between the parties relating to the lease of their respective telecommunications network operation assets to each other previously governed by the 2020 Network Assets Leasing Agreement; and the Company and CMCC entered into the 2021 Telecommunication Facilities Construction Services Extension Letter to renew the 2020 Telecommunication Facilities Construction Services Agreement according to its terms for a term of one year commencing on 1 January 2021 to govern the continuing connected transactions between the parties relating to the provision of telecommunications project planning, design and consultation, construction and maintenance services. The annual caps for the transactions contemplated under the 2021 Telecommunications Network Operation Assets Leasing Agreement and the 2020 Telecommunication Facilities Construction Services Agreement (as renewed) for the year ending 31 December 2021 are set out as follow: 2021 Telecommunications Network Operation Assets Leasing Agreement – leasing fees payable by the Company to CMCC and its subsidiaries; and 2020 Telecommunication Facilities Construction Services Agreement (as renewed) – telecommunication facilities construction services charges receivable by the Group from CMCC and its subsidiaries.