HONG KONG, Jan. 24, 2018 /PRNewswire/ -- China Telecom Corporation Limited ("China Telecom" or the "Company"; HKEx: 00728; NYSE: CHA) is pleased to announce that the Company was accredited with "Platinum Award - Excellence in Environmental, Social and Corporate Governance" in the "Corporate Awards 2017" by The Asset. "Transformation 3.0", the Company's step-up transformation strategy established in 2016 with an aim to create superior and leading intelligent network in a more highly-efficient way, build a win-win business ecology in a more open way, and promote flexible synergic smart operation, was awarded "Best Initiative in Innovation". In addition, Mr. Yang Jie, Chairman and Chief Executive Officer of China Telecom, was honored with "Best CEO in Telecommunications" award.
Organized by The Asset, a reputable financial magazine in Asia, "Corporate Awards 2017" is now in its 17th year, the longest running ESG awards in Asia. "Platinum Award" recognizes companies' attainment in comprehensive categories of corporate endeavors: financial performance, management, corporate governance, social and environmental responsibility and investor relations. Assessment is based on a stringent point-score system and feedback from the investment community. "Best Initiative in Innovation" honors business strategy that has taken the company to the next level by embracing new ways of doing business, including product or service advancements or digital enhancement. "Best CEO" rewards a range of leadership qualities and attributes including inspirational leadership, strategic thinking, team- and relationship-building, effective communication and change management.