Glonghui, November 28 | UBS released a report saying that China Unicom recently announced that the director and president Chen Zhongyue became the chairman of the parent company China Unicom Group. Liu Liehong, the former chairman and CEO, resigned in July this year to become the director of the National Data Administration. At the time of the company's interim results, the management indicated that the annual dividend payment increase was not less than last year, and the new chairman was promoted internally, and I believe the previous guidelines will remain the same. Assuming a dividend ratio of 54%, the current price of Unicom H shares is equivalent to the predicted dividend rate of over 7% for the whole year. Maintaining a “buy” rating, the target price is HK$7.3.