China Telecom Group Co., Ltd. is a very large communications operating enterprise in China. It has been selected as one of the "Fortune" magazine's "Fortune 500 Companies" for many consecutive years. It mainly operates comprehensive information services such as mobile communications, Internet access and applications, fixed phones, satellite communications, and ICT integration. The group company has total assets of 989.8 billion yuan and 390,000 employees. China Telecom Group Co., Ltd. is a central enterprise funded solely by the state. The group company established a board of directors in accordance with the requirements of the State-owned Assets Supervision and Administration Commission of the State Council, which consists of a nomination committee, a remuneration and assessment committee, an audit and risk committee, and a strategy and investment committee. China Telecom Group Co., Ltd. has operating agencies in 31 provinces (autonomous regions, municipalities directly under the Central Government) and America, Europe, Hong Kong, Macau and other places. The group company controls listed companies such as "China Telecom Co., Ltd.", "China Communications Services Co., Ltd.", "New Guomai Digital Culture Co., Ltd." and "Beijing Chenan Technology Co., Ltd.".