China Telecom (00728) and China Mobile (00941) each announced that the companies noted that the U.S. Department of the Treasury’s Office of Foreign Assets Control issued on January 27, 2021, General License No. 1A dated January 26, 2021, in connection with the Executive Order and guidance related to two related FAQs.
Under the Executive Order, the ban will become effective 60 days after the Company is placed on the restricted list, i.e., March 9, 2021, Eastern Standard Time, rather than January 11, 2021.
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