中國移動有限公司

. Operating revenue reached RMB93.024 billion, up by 19.7% over the same period last year

. EBITDA of RMB49.777 billion, up by 22.2% over the same period last year

. Profit attributable to shareholders of RMB24.102 billion, up by 37.2% over the same period last year

In accordance with the Company’s disclosure policy and to further enhance the transparency of the Group and timely provide additional information with which shareholders, investors and the general public may better appraise the business and financial position of the Group, the board of directors (the ‘‘Board’’) of China Mobile Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) announces certain selected unaudited key performance indicators of the Group for the first quarter of 2008.

Financial Data (Note) For the period from 1 January 2008 to 31 March 2008 For the period from 1 January 2007 to 31 March 2007 Increase

Operating Revenue (RMB) 93.024 billion 77.707 billion 19.7%

EBITDA (RMB) 49.777 billion 40.719 billion 22.2%

EBITDA Margin 53.5% 52.4%

Profit Attributable to Shareholders (RMB) 24.102 billion 17.562 billion 37.2%

Margin of Profit Attributable to Shareholders 25.9% 22.6%

Note: The effect of the adjustment of the income tax rate in Mainland China has been reflected in the financial data for the first quarter of 2008.

Operational Data As at 31 March 2008/ For the period from 1 January 2008 to 31 March 2008 As at 31 December 2007/ For the  period from 1 October 2007 to 31 December 2007

Subscriber Base 392.14 million 369.34 million

Net Additional Subscribers for the relevant reporting period 22.80 million 19.68 million

Average Revenue per User per Month (ARPU) during the relevant reporting period (RMB/User/Month) 82 91

Total Voice Usage Volume for the relevant reporting period (Minutes) 546.40 billion 516.08 billion

Average Minutes of Usage per User per Month (MOU) during the relevant reporting period (Minutes/User/Month) 481 475

Average Revenue per Minute of Usage during the relevant reporting period (RMB) 0.170 0.191

Number of Value-Added Business Users 380.93 million 349.55 million

Number of MMS Users 107.11 million 90.83 million

Number of Wireless Music Users 309.42 million 269.83 million

SMS Usage Volume for the relevant reporting period (Messages) 150.5 billion 137.5 billion

Number of Employees 131,836 127,959

Labor Productivity (Subscribers/Employee) 2,974 2,886

By leveraging our premium network, strong brand recognition, economies of scale and highly effective refined management, the Group continued to maintain a favorable growth in its financial results for the first quarter of 2008. The Group’s operating revenue reached RMB93.024 billion, representing an increase of 19.7% compared to the same period of last year. EBITDA reached RMB49.777 billion, representing an increase of 22.2% compared to the same period of last year. With the positive effect of lowering the income tax rate in Mainland China, profit attributable to shareholders reached RMB24.102 billion, representing an increase of 37.2% compared to the same period of last year. Margin of profit attributable to shareholders reached a relatively high level of 25.9%.

The rapid growth in China’s economy and the vigorous demand for telecommunications services continued to create a prosperous environment for the Group. The Group achieved a rapid and healthy business development in the first quarter of 2008. Through our continuous expansion into the rural market, our subscriber growth maintains a strong growth momentum and the average monthly net additional subscribers for the first quarter reached 7.60 million, representing an increase of 33.9% compared to the average monthly net additional subscribers of 5.68 million of last year. The Group’s subscriber base reached 392.14 million as at 31 March 2008. However, as the new subscribers are mainly low-end users and tariff adjustments are steadily and gradually introduced in the first quarter, ARPU and average revenue per minute of usage recorded a decrease, whilst the voice usage volume was effectively stimulated. Total voice usage volume increased by 41.8% compared to the same period of last year. Value-added business also continued its rapid growth and SMS usage volume increased by 31.9% compared to the same period of last year. Meanwhile, the development of other data businesses also demonstrated an encouraging growth. The favorable growth in subscriber base and voice usage volume and the development of value-added business resulted in an increase of 19.7% in operating revenue in the first quarter. The Group will continue to increase its investments in sales channels, customer service, network optimization, support system and R&D in order to further enhance the Group’s core competitiveness. Furthermore, the Group will continue to maintain a stable growth in its profitability through refined cost management and by leveraging economies of scale.

The Board wishes to remind investors that the above key performance indicators are based on the Group’s unaudited management accounts. Investors are cautioned not to unduly rely on such data. In the meantime, investors are advised to exercise caution in dealing in the securities of the Company.

By Order of the Board
China Mobile Limited
Wang Jianzhou
Chairman and Chief Executive Officer
Hong Kong, 21 April 2008

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