SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the Month of August 2019

Commission File Number:1-14696

China Mobile Limited

(Translation of registrant’s name into English)

60/F, The Center

99 Queen’s Road Central

Hong Kong, China

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.:

Form 20-F  X  Form 40-F ____

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1):____

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ____No  X_    

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-.

EXHIBITS

Exhibit Number
1.1	Announcement with respect to Connect Transactions - Assets Transfer Agreements, dated August 9, 2019
2.1	Increase of Annual Cap for Continuing Connected Transactions – Network Assets Leasing Agreement and Continuing Connected Transactions in relation to Telecommunications Services, dated August 9, 2019

FORWARD-LOOKING STATEMENTS

This announcement contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are, by their nature, subject to significant risks and uncertainties. These forward-looking statements include, without limitation, statements relating to:

• our business objectives and strategies, including those relating to the development of our terminal procurement and distribution business;

• our operations and prospects;

• our network expansion and capital expenditure plans;

• the expected impact of any acquisitions or other strategic transactions;

• our provision of services, including fourth generation, or 4G, services, wireline broadband services and services based on technological evolution, and the ability to attract customers to these services;

• the planned development of future generations of mobile technologies, including 5G technologies, and other technologies and related applications;

• the anticipated evolution of the industry chain of 5G and future generations of mobile technologies, including future development in, and availability of, terminals that support our provision of services based on 5G and future generations of mobile technologies, and testing and commercialization of future generations of mobile technologies;

• the expected benefit from our investment in and any arrangements with China Tower Corporation Limited;

• the expected impact of the implementation in Mainland China of the policy of “speed upgrade and tariff reduction” and the cancellation of roaming tariffs on our business, financial condition and results of operations;

• the expected impact of tariff changes on our business, financial condition and results of operations;

• the potential impact of restrictions, sanctions or other legal or regulatory actions under relevant laws and regulations in various jurisdictions on our telecommunications equipment suppliers and other business partners;

• the potential impact of the outcome of the State Administration for Market Regulation’s investigation on us;

• the expected impact of new service offerings on our business, financial condition and results of operations; and

• future developments in the telecommunications industry in Mainland China, including changes in the regulatory and competitive landscape.

2

The words “aim”, “anticipate”, “believe”, “could”, “endeavor”, “estimate”, “expect”, “intend”, “may”, “plan”, “seek”, “should”, “strive”, “target”, “will” and similar expressions, as they relate to us, are intended to identify certain of these forward-looking statements. We do not intend to update these forward-looking statements and are under no obligation to do so.

These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from information contained in the forward-looking statements as a result of a number of factors, including the risk factors set forth in the “Risk Factor” section of our latest Annual Report on Form 20-F, as filed with the U.S. Securities and Exchange Commission.

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		CHINA MOBILE LIMITED
Date:	August 12, 2019	By:	/s/ Li Yue
			Name:	Li Yue
			Title:	Executive Director and Chief Executive Officer

4

Exhibit 1.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CONNECTED TRANSACTIONS

ASSETS TRANSFER AGREEMENTS

THE ASSETS TRANSFER AGREEMENTS

The Board announces that on 9 August 2019, the Purchasers (being the subsidiaries of the Company in the Relevant Provinces) entered into the Assets Transfer Agreements with the Vendors (being the subsidiaries of CMCC in the Relevant Provinces), pursuant to which, the Purchasers agreed to acquire from the Vendors the Sale Assets, which comprise, among other things, the properties and buildings, land use rights, machinery and equipment, transmission pipelines and optic fibers in relation to the “Village Connect” project, at an aggregate consideration of RMB873,013,500 (equivalent to approximately HK$977,366,972).

Completion has taken place on 9 August 2019.

LISTING RULES IMPLICATIONS

CMCC is the ultimate controlling shareholder of the Company and hence a connected person of the Company. As each of the Vendors is a subsidiary of CMCC, each of the Vendors is also a connected person of the Company. Accordingly, the transactions contemplated under the Assets Transfer Agreements constitute connected transactions for the Company under Rule 14A.25 of the Listing Rules.

As the highest applicable percentage ratio in respect of the transactions contemplated under Assets Transfer Agreements on an aggregate basis is above 0.1% but below 5%, the transactions contemplated thereunder are classified as connected transactions under Rule 14A.76(2) of the Listing Rules which are only subject to the reporting and announcement requirements set out in the Listing Rules but are exempt from the independent shareholders’ approval requirement under the Listing Rules. Details of the Assets Transfer Agreements will be included in the annual report and accounts of the Company in accordance with Rules 14A.49, 14A.71 and 14A.72 of the Listing Rules.

THEASSETSTRANSFERAGREEMENTS

The Board announces that on 9 August 2019, the subsidiaries of the Company in theRelevant Provinces (the “Purchasers”) entered into the Assets Transfer Agreements with the subsidiariesofCMCCintheRelevantProvinces(the“Vendors”).

Subjectmatter

Pursuant to the Assets Transfer Agreements, the Purchasers agreed to acquire from the VendorstheSaleAssets,whichcomprise,amongotherthings,thepropertiesandbuildings, landuserights,machineryandequipment,transmissionpipelinesandopticfibersinrelation tothe“VillageConnect”project.

Consideration

The aggregate consideration for the acquisition of the Sale Assets under the Assets Transfer Agreements is RMB873,013,500 (equivalent to approximately HK$977,366,972). Theconsideration was determined after arm’s length negotiations between the parties to the Assets Transfer Agreements with reference to the appraised value of the Sale Assets (being RMB873,013,500 (equivalent to approximately HK$977,366,972)) as set out in an assets valuationreportpreparedbyanindependentvaluerusingcostsapproach.

The consideration shall be paid by the relevant Purchasers, using internal resources, to the relevant Vendors in cash within 30 days after Completion and compliance with the related registrationprocedures.

Completion

Completionhastakenplaceon9August2019.

REASONS FOR AND BENEFITS OF ENTERING INTO THE ASSETS TRANSFER AGREEMENTS

Reference is made to the announcement dated 9 August 2018 of the Company where the Company announced, among others, that the Company and CMCC agreed to renew the NetworkAssetsLeasingAgreementaccordingtoitstermsforatermofoneyearcommencing on 1 January 2019, and the annual cap for the transactions under the Network Assets Leasing Agreement for the year ending 31 December 2019.

ReferenceisalsomadetotheannouncementoftheCompanydated9August2019inrelation to,amongotherthings,theincreaseofannualcapfortheNetworkAssetsLeasingAgreement fortheyearending31December2019.

The Sale Assets, which comprise, among other things, the properties and buildings, land use rights, machinery and equipment, transmission pipelines and optic fibers in relation to the “Village Connect” project, are part of the telecommunications network operation assets leased bytheGroupfromCMCCanditssubsidiariesundertheNetworkAssetsLeasingAgreement.

After Completion, the Sale Assets ceased to be part of the telecommunications network operation assets leased by the Group from CMCC and its subsidiaries under the Network Assets Leasing Agreement and hence, leasing fees for the Sale Assets ceased to be payable by the Group to CMCC and its subsidiaries from Completion under the Network Assets Leasing Agreement.

The unaudited book value of the Sale Assets as of 31 May 2019 was approximatelyRMB337,955,100. The original costs of the Sale Assets were approximatelyRMB5,313,858,600.AstheSaleAssetsrepresentedaverysmallportionoftheassetsowned byCMCC,thecostsandexpensesrelatedtotheSaleAssetsarenotseparatelyaccountedfor andCMCChasnotpreparedanyprofitandlossstatementsolelyinrespectoftheSaleAssets. Assuch,theamountsoftheprofitbeforeandaftertaxationattributabletotheSaleAssetsfor theyearsended31December2017and2018arenotknowntotheGroup.

The acquisition of the Sale Assets will enable the Company to manage the Sale Assets and to consolidate the Sale Assets with its other network operation assets more effectively, thereby enhancing the overall efficiency of the Group’s network operation assets. As the Group shall cease to pay to CMCC and its subsidiaries the leasing fees for the Sale Assets after Completion,theacquisitionoftheSaleAssetswillalsoreducethecostsoftheGroupandat thesametime,reducethevolumeofconnectedtransactionsbetweentheGroupandCMCC anditssubsidiaries.

LISTINGRULESIMPLICATIONS

CMCCistheultimatecontrollingshareholderoftheCompanyandhenceaconnectedperson oftheCompany.AseachoftheVendorsisasubsidiaryofCMCC,eachoftheVendorsisalso a connected person of the Company. Accordingly, the transactions contemplated under the AssetsTransferAgreementsconstituteconnectedtransactionsfortheCompanyunderRule 14A.25oftheListingRules.

As the highest applicable percentage ratio in respect of the transactions contemplatedunder Assets Transfer Agreements on an aggregate basis is above 0.1% but below 5%, the transactionscontemplatedthereunderareclassifiedasconnectedtransactionsunderRule 14A.76(2) of the Listing Rules which are only subject to the reporting and announcement requirements set out in the Listing Rules but are exempt from the independent shareholders’ approvalrequirementundertheListingRules.DetailsoftheAssetsTransferAgreements willbeincludedintheannualreportandaccountsoftheCompanyinaccordancewithRules 14A.49,14A.71and14A.72oftheListingRules.

The Group had no other prior transactions with CMCC and its associates which required aggregationwiththeAssetsTransferAgreementsunderRule14A.81oftheListingRules.

As all the executive Directors also hold executive positions at CMCC, all the executive Directors have voluntarily abstained from voting on the board resolution approving the transactionsundertheAssetsTransferAgreements.

The Board (including the independent non-executive Directors but excluding the executive Directors who have voluntarily abstained from voting) is of the view that the Assets Transfer Agreements were entered into after arm’s length negotiation between the parties thereof, reflectnormalcommercialtermsandisintheinterestsoftheshareholdersoftheCompany and the Company as a whole, and the terms for the transactions thereunder are fair and reasonable.

GENERALINFORMATION

CMCC is a state-owned company established under the laws of the PRC and the ultimate controlling shareholder of the Company holding indirectly approximately 72.72% of the total issued and outstanding share capital of the Company. Through the Group, CMCC is the leadingprovideroftelecommunicationsservicesinthePRC.TheVendorsarethesubsidiaries ofCMCCengagingintheprovisionoftelecommunicationservicesintheRelevantProvinces.

The Group is the leading telecommunications services provider in China, which operates nationwide telecommunications networks in all thirty-one provinces, autonomous regions and directly administered municipalities in Mainland China and in Hong Kong. The Company is an investment holding company. The Purchasers are the operating subsidiaries of the Company in theRelevantProvinces.

This announcement contains translations between Renminbi and Hong Kong dollars at RMB0.89323 = HK$1.00. The translations are not representations that the Renminbi and Hong Kongdollaramountscouldactuallybeconvertedatsuchrate,ifatall.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following expressions shall havethefollowingmeanings:

“AssetsTransfer Agreements”	theassetstransferagreementsdated9August2019andentered intobetweenthePurchasersandtheVendors
“Board”	theboardofDirectorsoftheCompany
“CMCC”	China Mobile Communications Group Co., Ltd., a state-owned company established under the laws of the PRC, the ultimate controlling shareholder of the Company
“Company”	China Mobile Limited, a company incorporated in Hong Kong whose shares are listed on the Stock Exchange and American Depositary Shares are listed on the New York Stock Exchange
“Completion”	completion of the acquisition of the Sale Assets under the Assets Transfer Agreements
“Directors”	the directors of the Company
“Group”	the Company and its subsidiaries
“HK$”	Hong Kong dollars, the lawful currency of Hong Kong

“Hong Kong”	the Hong Kong Special Administrative Region of the People’s Republic of China
“Listing Rules”	Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
“Network Assets Leasing Agreement”	the telecommunications network operation assets leasing agreement dated 18 August 2011 and entered into between the Company and CMCC, as renewed from time to time
“PRC”or“China”	thePeople’sRepublicofChina
“RelevantProvinces”	the provinces, autonomous regions and directly administered municipality of Beijing, Fujian, Henan, Hainan, Hebei, Liaoning, Shandong, Anhui, Jiangxi, Chongqing, Sichuan, Hubei, Hunan, Shaanxi, Shanxi, Jilin, Heilongjiang, Guizhou, Yunnan, Gansu, Qinghai, Guangxi, Neimenggu, Ningxia, Xinjiang and Xizang in the PRC
“RMB”	Renminbi, the lawful currency of the PRC
“SaleAssets”	the telecommunication network operation assets related to the “Village Connect” project acquired by the Purchasers from the Vendors under the Assets Transfer Agreements
“StockExchange”	TheStockExchangeofHongKongLimited
“%”	percent.

By Order of the Board

China Mobile Limited

Yang Jie

Chairman

HongKong,9August2019

Asatthedateofthisannouncement,theBoardofDirectorsoftheCompanycomprises Mr.YangJie,Mr.LiYueandMr.DongXinasexecutivedirectorsandDr.MosesChengMo Chi, Mr. Paul Chow Man Yiu, Mr. Stephen Yiu Kin Wah and Dr. Yang Qiang as independent non-executivedirectors.

Exhibit 2.1

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

INCREASEOFANNUALCAPFORCONTINUINGCONNECTED TRANSACTIONS–NETWORKASSETSLEASINGAGREEMENT

AND

CONTINUINGCONNECTEDTRANSACTIONSINRELATIONTO TELECOMMUNICATIONSSERVICES

INCREASE OF ANNUAL CAP FOR THE NETWORK ASSETS LEASING AGREEMENT FOR THE YEAR ENDING 31 DECEMBER 2019

The annual cap for the leasing fees payable by the Company to CMCC and its subsidiaries under the Network Assets Leasing Agreement for the year ending 31 December 2019 is RMB3,500 million (equivalent to approximately HK$3,918 million). The MIIT granted the basic telecommunications service operating permit for 5G to CMCC in June this year. In order to lay a solid foundation for the Company’s 5G development, the scale of Network Assets leased, especially convergence rooms and transmission pipelines for 5G business applications, will increase. Despite the acquisition of the telecommunication network operation assets related to the “Village Connect” project by the subsidiaries of the Company from the subsidiaries of CMCC pursuant to the Assets Transfer Agreements will eliminate the leasing fees for the remaining part of 2019 in respect of such assets, the annual cap for the year ending 31 December 2019 in respect of the Network Assets Leasing Agreement will still not be sufficient and therefore the Board decided that the annual cap for the year ending 31 December 2019 shall increase to RMB5,000 million (equivalent to approximately HK$5,598 million).

CONTINUING CONNECTED TRANSACTIONS IN RELATION TO TELECOMMUNICATIONS SERVICES The Board announces that on 9 August 2019, the Company and CMCC entered into the Telecommunications Services Agreement which shall expire on 31 December 2019, to govern the provision of telecommunications services by the Group to CMCC and its subsidiaries. The annual cap for the transactions contemplated under the Telecommunications Services Agreement for the year ending 31 December 2019 is set out as follow: For the Year Ending 31 December 2019
Telecommunications Services Agreement – telecommunications services charges receivable by the Group from CMCC and its subsidiaries	RMB2,000 million   (approximately HK$2,239 million)
LISTING RULES IMPLICATIONS CMCC is the ultimate controlling shareholder of the Company and hence a connected person of the Company. Accordingly, the transactions contemplated under the Network Assets Leasing Agreement and the Telecommunications Services Agreement constitute continuing connected transactions for the Company under Rule 14A.25 of the Listing Rules. Since each of the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the each of the annual cap (as adjusted) for the amounts payable by the Company under the Network Assets Leasing Agreement for the year ending 31 December 2019 and the annual cap for the amounts receivable by the Group under the Telecommunications Services Agreement for the year ending 31 December 2019 is above 0.1% but below 5%, the transactions contemplated thereunder are classified as continuing connected transactions under Rule 14A.76(2) of the Listing Rules which are only subject to the reporting, annual review and announcement requirements set out in the Listing Rules but are exempt from the independent shareholders’ approval requirement under the Listing Rules. Details of the Network Assets Leasing Agreement and the Telecommunications Services Agreement will be included in the annual report and accounts of the Company in accordance with Rules 14A.49, 14A.71 and 14A.72 of the Listing Rules.

Reference is made to the announcement dated 9 August 2018 of the Company where the Company announced, among others, that the Company and CMCC agreed to renew the NetworkAssetsLeasingAgreementaccordingtoitstermsforatermofoneyearcommencing on 1 January 2019, and the annual cap for the transactions under the Network Assets Leasing Agreementfortheyearending31December2019.

Referenceisalsomadetotheannouncementdated9August2019oftheCompanywhere the Company announced that the subsidiaries of the Company in 26 provinces, autonomous regions and directly-administered municipality entered into the Assets Transfer Agreements with the subsidiaries of CMCC in such provinces, autonomous regions and directly-administered municipality for the acquisition of the telecommunication network operation assetsrelatedtothe“VillageConnect”project.

INCREASE OF ANNUAL CAP FOR THE NETWORK ASSETS LEASINGAGREEMENTFORTHEYEARENDING31DECEMBER2019

PursuanttotheNetworkAssetsLeasingAgreement,theCompanyanditssubsidiaries on the one hand and CMCC and its subsidiaries on the other will lease their respective telecommunicationsnetworkoperationassets(the“NetworkAssets”)toeachotherinreturn foraleasingfee(the“AssetsLeasingFees”).

The annual cap for the Assets Leasing Fees payable by the Company to CMCC and its subsidiariesundertheNetworkAssetsLeasingAgreementfortheyearending31December 2019 is RMB3,500 million (equivalent to approximately HK$3,918 million). The MIIT grantedthebasictelecommunicationsserviceoperatingpermitfor5GtoCMCCinJune thisyear.InordertolayasolidfoundationfortheCompany’s5Gdevelopment,thescale of Network Assets leased, especially convergence rooms and transmission pipelines for 5G business applications, will increase. Despite the acquisition of the telecommunication network operation assets related to the “Village Connect” project by the subsidiaries of the Company from the subsidiaries of CMCC pursuant to the Assets Transfer Agreements will eliminate the leasingfeesfortheremainingpartof2019inrespectofsuchassets,theannualcapforthe yearending31December2019inrespectoftheNetworkAssetsLeasingAgreementwillstill notbesufficientandthereforetheBoarddecidedthattheannualcapfortheyearending31 December 2019 shall increase to RMB5,000 million (equivalent to approximately HK$5,598 million).

The amounts of Assets Leasing Fees payable by the Company to CMCC and its subsidiaries undertheNetworkAssetsLeasingAgreementfortheyearended31December2018andfor the six months ended 30 June 2019 were RMB2,308 million (equivalent to approximately HK$2,584 million) and RMB857 million (equivalent to approximately HK$959 million), respectively.

Asatthedateofthisannouncement,thetotalAssetsLeasingFeespaidbytheGroupunder the Network Assets Leasing Agreement has not exceeded the annual cap stated in the announcement oftheCompanydated9August2018.

SavefortheincreaseintheannualcapfortheNetworkAssetsLeasingAgreementforthe year ending 31 December 2019, the terms and conditions of the Network Assets Leasing Agreementremainunchanged.

CONTINUING CONNECTED TRANSACTIONS IN RELATION TOTELECOMMUNICATIONSSERVICES

TheTelecommunicationsServicesAgreement

The Board announces that on 9 August 2019, the Company and CMCC entered into the Telecommunications Services Agreement to govern the provision of telecommunications services by the Group to CMCC and its subsidiaries. The Telecommunications Services Agreementhasatermexpiringon31December2019.

Telecommunications services provided by the Group under the Telecommunications Services Agreement include (i) telecommunications project planning, design and consultation services; (ii) telecommunications project construction services; and (iii) maintenance services in respect oftelecommunicationsfacilitiesandequipment.

TheprovisionoftelecommunicationsservicesbytheGrouptoCMCCanditssubsidiaries in respect of individual projects will be subject to public tender process. The selection of contractor in the public tender process will be based on a number of factors including price, technical skills and overall capability and the telecommunications services charges will be determined in such public tender process. The pricing for the telecommunications services will be primarily based on market rates as determined through the public tender process and the relevant standards laid down in applicableregulations including “Budgets for Buildings and BuildingsComplexCablingSystem,BudgetsforInstallationofMobileTelecommunications Equipment (as amended) (Xin Bu Gui [2000] No.904)”《建築與建築群綜合佈線系統預算定額、安裝移動通信設備預算定額（修訂）》 (信部規[2000]904號),“NoticeonFurtherRelaxation onProfessionalServicesChargesforConstructionProjects(FaGaiJiaGe[2015]No.299)” 《進一步放開建設項目專業服務價格的通知》(發改價格[2015] 299號) and “Notice on thePublication of Budgets, Fee Rates and Budget Planning Procedures for Information and Telecommunications Construction Projects (Gong Xin Bu Tong Xin [2016] No.451)”《關於印發信息通信建設工程預算定額、工程費用定額及工程概預算編製規程的通知》(工信部通信[2016]451號)”willbecompliedwith.Forindividualprojectswherethepublictenderprocess isnotapplicable,theselectioncriteriaandpricedeterminationmechanismwillbesimilarto thatappliedinapublictenderprocess.

Services charges for telecommunications project planning, design and consultation services will be payable by instalments or upon completion of provisions of services. Servicescharges for telecommunications project construction services will be payable by instalments, typicallywith10%payableuponsigningofrelevantengagement,70%overthecourseof the construction and the remaining amount payable upon completion and acceptance of the project. Services charges for maintenance services in respect of telecommunications facilities andequipmentwillbepayablemonthly.

Inlightofthe5GdevelopmentinthePRCtelecommunicationsindustry,thereareanumber oftelecommunicationsprojectsofCMCCwhichwillbeavailableforpublictenderandgiven the Group’s technical skills and overall capability, it is expected that the telecommunications services charges receivable by the Group from CMCC and its subsidiaries under theTelecommunications Services Agreement for the year ending 31 December 2019 shall not exceed RMB2,000 million (equivalent to approximately HK$2,239 million). Accordingly, such amount has been set as the annual cap for the telecommunications services charges receivable by the Group from CMCC and its subsidiaries under the Telecommunications ServicesAgreementfortheyearending31December2019.

LISTINGRULESIMPLICATIONS

CMCCistheultimatecontrollingshareholderoftheCompanyandhenceaconnectedperson of the Company. Accordingly, the transactions contemplated under the Network Assets Leasing Agreement and the Telecommunications Services Agreement constitute continuing connectedtransactionsfortheCompanyunderRule14A.25oftheListingRules.

Since each of the applicable percentage ratios set out in Rule 14.07 of the Listing Rules in respect of the each of the annual cap (as adjusted) for the amounts payable by the Company undertheNetworkAssetsLeasingAgreementfortheyearending31December2019and the annual cap for the amounts receivable by the Group under the Telecommunications Services Agreement for the year ending 31 December 2019 is above 0.1% but below 5%, the transactions contemplated thereunder are classified as continuing connected transactions under Rule 14A.76(2) of the Listing Rules which are only subject to the reporting, annual review and announcement requirements set out in the Listing Rules but are exempt from the independent shareholders’ approval requirement under the Listing Rules. Details of the Network Assets Leasing Agreement and the Telecommunications Services Agreement will be included in the annualreportandaccountsoftheCompanyinaccordancewithRules14A.49,14A.71and 14A.72oftheListingRules.

The Group had no other prior transactions with CMCC and its associates which required aggregation with the Network Assets Leasing Agreement and the Telecommunications ServicesAgreementunderRule14A.81oftheListingRules.

As all the executive Directors also hold executive positions at CMCC, all the executive Directorshavethereforevoluntarilyabstainedfromvotingontheboardresolutionapproving the transactions under the Network Assets Leasing Agreement and the Telecommunications ServicesAgreement.

The Board (including the independent non-executive Directors but excluding the executive Directors who have voluntarily abstained from voting) is of the view that the Network Assets Leasing Agreement and the Telecommunications Services Agreement were entered into after arm’s length negotiation between the Company and CMCC and in the ordinary and usual courseofbusinessoftheGroup,reflectnormalcommercialtermsandisintheinterestsof the shareholders of the Company and the Company as a whole, and the terms as well as the proposedannualcapsforthetransactionsthereunder(includingtheincreasedannualcapfor theNetworkAssetsLeasingAgreement)arefairandreasonable.

GENERALINFORMATION

CMCC is a state-owned company established under the laws of the PRC and the ultimate controlling shareholder of the Company holding indirectly approximately 72.72% of the total issued and outstanding share capital of the Company. Through the Group, CMCC is the leadingprovideroftelecommunicationsservicesinthePRC.

The Group is the leading telecommunications services provider in China, which operates nationwide telecommunications networks in all thirty-one provinces, autonomous regions and directlyadministeredmunicipalitiesinMainlandChinaandinHongKong.TheCompanyis aninvestmentholdingcompany.

This announcement contains translations between Renminbi and Hong Kong dollars at RMB0.89323 = HK$1.00. The translations are not representations that the Renminbi and Hong Kongdollaramountscouldactuallybeconvertedatsuchrate,ifatall.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following expressions shall havethefollowingmeanings:

“5G”	FifthGenerationdigitalcellularmobileservice
“AssetsTransferAgreements”	the assets transfer agreements dated 9 August 2019 and entered into between the subsidiaries of the Company in 26 provinces, autonomous regions and directly administered municipality in the PRC and the subsidiaries of CMCC in such provinces, autonomous regions and directly administered municipality for the acquisition of telecommunication network operation assets related to the “Village Connect” project
“Board”	theboardofDirectorsoftheCompany
“CMCC”	China Mobile Communications Group Co., Ltd., a state-owned company established under the laws of the PRC, the ultimate controlling shareholder of the Company
“Company”	China Mobile Limited, a company incorporated in Hong Kong whose shares are listed on the Stock Exchange and American Depositary Shares are listed on the New York Stock Exchange
“Directors”	the directors of the Company
“Group”	the Company and its subsidiaries
“HK$”	Hong Kong dollars, the lawful currency of Hong Kong
“Hong Kong”	the Hong Kong Special Administrative Region of the People’s Republic of China

“Listing Rules”	Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
“MIIT”	the Ministry of Industry and Information Technology of the PRC
“Network Assets Leasing Agreement”	the telecommunications network operation assets leasing agreement dated 18 August 2011 and entered into between the Company and CMCC, as renewed from time to time
“PRC”or“China”	thePeople’sRepublicofChina
“RMB”	Renminbi, the lawful currency of the PRC
“StockExchange”	TheStockExchangeofHongKongLimited
“TelecommunicationsServices Agreement”	the telecommunications services agreement dated 9 August 2019 and entered into between the Company and CMCC
“%”	percent.

By Order of the Board

China Mobile Limited

Yang Jie

Chairman

Hong Kong, 9 August 2019

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Yang Jie, Mr. Li Yue and Mr. Dong Xin as executive directors and Dr. Moses Cheng Mo Chi, Mr. Paul Chow Man Yiu, Mr. Stephen Yiu Kin Wah and Dr. Yang Qiang as independent non-executive directors.