Cesareo Alierta Izuel, director at Telefónica, has been appointed as a non-executive director at China Netcom

December 6, 2007

4 Min Read

HONG KONG -- The board of directors (the “Board”) of China Netcom Group Corporation (HongKong) Limited (the “Company”) announces that Mr. Mauricio Sartorius has resignedfrom his position as a non-executive director of the Board of the Company with effectfrom 5 December 2007. Ms. Hong Chen Jin ceased to be the alternate director toMr. Mauricio Sartorius upon the resignation of Mr. Mauricio Sartorius as anon-executive director of the Company on 5 December 2007. The resignation ofMr. Mauricio Sartorius is due to the heavy workload of his new assignment at theheadquarters of Telefónica S.A. at Madrid. Mr. Mauricio Sartorius has confirmed thatthere is no disagreement with the Board and that there is no matter relating to hisresignation that needs to be brought to the attention of the shareholders of theCompany.

The Board is pleased to announce that Mr. Cesareo Alierta Izuel has been appointedas a non-executive director of the Company with effect from 5 December 2007.Ms. Hong Chen Jin, who is nominated by Mr. Cesareo Alierta Izuel, has beenappointed as alternate director to Mr. Cesareo Alierta Izuel with effect from 5December 2007. Ms. Hong Chen Jin is also the alternate director to Mr. José MaríaÁlvarez-Pallete, a non-executive director of the Company.

Mr. Cesareo Alierta Izuel, 62, has been the director of Telefónica S.A. (listed onvarious stock exchanges including Madrid, New York and London) as from January1997 and has become the Chairman of Telefónica S.A. since July 2000. He is amember of the Board of Directors and Executive Committee of Altadis S.A. (listedon the stock exchanges of Madrid and Paris). Mr. Cesareo Alierta Izuel is also amember of the Colombia Business School Board of Overseers. Since January 2006,he has been a member of the Board of Directors of Telefónica O2 Europe, Plc.

Mr. Cesareo Alierta Izuel is also a director of Telecom Italia (listed on the stockexchange of Milan). Between 1970 and 1985, he has been the General Manager of theCapital Markets division at Banco Urquijo in Madrid. He has been the Chairman and founder of Beta Capital. As from 1991, he has also acted as the Chairman of theSpanish Financial Analysts’ Association. He has also been a member of the Board ofDirectors and the Standing Committee of the Madrid Stock Exchange. Between 1996and 2000, he has held the post of Chairman of Tabacalera, S.A., and subsequentlyAltadis S.A., following the merger of Tabacalera, S.A. with the French Group, Seita.

Mr. Cesareo Alierta Izuel holds a degree in law from the University of Zaragoza anda master degree of business administration from the University of Columbia.Mr. Cesareo Alierta Izuel does not have any service contract with the Company andhe will be subject to retirement by rotation and re-election at annual general meetingsof the Company at least every three years. Mr. Cesareo Alierta Izuel is entitled to anannual director’s fee of HK$200,000 as proposed by the Board and approved by theshareholders of the Company at the extraordinary general meeting held on 14February 2007. Director’s fees are payable on a time pro-rata basis for any non fullyear’s service. He will also be entitled to an additional fee of HK$10,000 for eachBoard meeting which he attends. His remuneration has been determined withreference to his duties, responsibilities and experience, and to prevailing marketconditions. As at the date hereof, Mr. Cesareo Alierta Izuel does not have any interestin the Company’s shares within the meaning of Part XV of the Securities and FuturesOrdinance.

Ms. Hong Chen Jin, alias Margaret Chen, 45, Alternate Director to Mr. José MaríaÁlvarez-Pallete since December 2006 and Alternate Director to Mr. MauricioSartorius from December 2006 to December 2007. Ms. Hong Chen Jin began hercareer in China as faculty member of the Management School of Shanghai JiaotongUniversity. She has worked in the United States of America for seven years. Amongothers, she worked as a Vice President of research and development in ACS, asoftware development company. Prior to joining Telefónica as a telecom seniorconsultant in 1995, she was a partner of INDETEL, a telecom consulting company inSpain. During the ten years in Telefónica Group prior to her Asia assignment, she hasprofound operational experience in fixed-line and mobile business including ITstrategy, marketing and sales. In 2005, she was assigned as Director, Asia, TelefónicaInternacional S.A. At the beginning of 2007, Ms. Hong Chen Jin was awarded as oneof the most influential women in telecommunications industry in China for the yearof 2006 by the Ministry of Information Industry of China. Ms. Hong Chen Jin hasbeen a director of China Netcom Group Broadband Service Applications LimitedCorporation For National Engineering Laboratory as from August 2007. Ms. HongChen Jin holds a bachelor’s degree in computer science of Shanghai JiaotongUniversity and a master’s degree of business administration, and a master’s degreein Industrial Engineering in the United States of America. As at the date hereof, Ms.Hong Chen Jin does not have any interest in the Company’s shares within themeaning of Part XV of the Securities and Futures Ordinance.

China Netcom Corp. Ltd. (NYSE: CN; Hong Kong: 0906)

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