Maoyan Entertainment — Capital/Financing Update 2000

Jun 13, 2000

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this document, makes no representation as to its accuracy or completeness and expressly disclaims any

liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document.

China Unicom Limited

中國聯通股份有限公司

(incorporated in Hong Kong with limited liability under the Companies Ordinance)

Prospectus Supplement

On 12th June, 2000, subsequent to the printing of the prospectus dated 13th June, 2000 and issued by China Unicom Limited ("China Unicom") in connection with the Hong Kong Public Offering (the "Prospectus"), China Unicom entered into an agreement with Vodafone AirTouch plc ("Vodafone AirTouch") in relation to possible co-operations in the areas of roaming and mobile

technology ("the Agreement").

China Unicom is issuing this prospectus supplement pursuant to rule 11.13 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited to provide information

on the Agreement and should be read in conjunction with the Prospectus. Terms defined in the Prospectus shall, unless the context otherwise requires, have the same meaning in this

document.Pursuant to the Agreement:

(a) Vodafone AirTouch agreed to use commercially reasonable efforts to cause its controlled affiliate companies to consider and evaluate the merits of entering into standard non-exclusive

roaming agreements with China Unicom and its affiliate companies.

(b) China Unicom agreed to consider and evaluate the merits of entering into standard roaming agreements with Vodafone AirTouch's affiliate companies.

(c) The parties also agreed to engage in future discussions regarding possible collaboration and cooperation in the areas of mobile technology and operations. Such collaboration and co-operation are expected to be carried out within the regulatory framework of the People's Republic of China and in accordance with the market opening schedules in China's accession to the World Trade Organisation ("WTO"). The parties further agreed to consider possible future mutually acceptable

joint venture or partnership relationship in China. If formed, any such joint ventures or partnerships would be established according to relevant Chinese laws and regulations.

(d) Neither party is restricted under the Agreement from entering into similar agreements with other entities or persons nor does the Agreement commit the parties to enter into future

contractual arrangements.

Unicom is an integrated telecommunications operator, providing cellular, paging, domestic and international long distance and data and Internet services. Unicom may continue to strengthen

relationships with leading telecommunications service providers for mutual benefit.

Vodafone AirTouch has cellular businesses in Europe, the Americas and Asia, and is an innovator in the field of wireless data. Vodafone AirTouch is a public limited company organized under the laws of England.

By Order of the Board

China Unicom Limited

Li Zhengmao

Hong Kong, 13th June, 2000

The Directors collectively and individually accept full responsibility for the accuracy of the information contained in this document and confirm, having made all reasonable enquiries, that to the best of their knowledge and belief there are no other facts the omission of which would make any statement in this document misleading.