Bilibili Announces Participation in China Telecom’s A-Share IPO Strategic Investor Placement

　　China Telecom(00728) The results of the A-share IPO strategic allotment were released a few days ago, among which are listed on the list of strategic investorsBilibili(09626) Announced today, withChina TelecomA strategic investor distribution agreement was signed, with a total investment of approximately RMB 500 million.

　　BilibiliSaid thatAllotmentThe number is 110 million shares with a lock-up period of 36 months. also,BilibiliAssociated company Shanghai Kuanyu Digital Technology Co., Ltd. andChina TelecomSign a strategic cooperation agreement and seek cooperation opportunities.

　　China TelecomHas a strong lineup of strategic investors, including equity investment in the first phase of a major industrialization project in Chengdufund, Suzhou High-speed Rail New City Economic Development Co., Ltd., National Integrated Circuit Industry Investment Fund Phase II, China State-owned Enterprise Structure Adjustment Fund, Huawei, Bilibili,Anheng Information(Shanghai: 688023),Pearl of the Orient(Shanghai: 600832),Convinced(Depth: 300454).inPearl of the Orient, Huawei,Anheng Information、ConvincedThe lock-up period for Hebilibili is three years, and that for other strategic investors is one year.

(Article source: Economic Link China Station)

Article source: Economic Link China Station

Editor in charge: DF537

Original Title:[Telecom Back to A]Bilibili Announces Participation in China Telecom’s A-Share IPO Strategic Investor Allotment