Document:

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                                                                   EXHIBIT 10.18

               BUILDING LEASING AND PROPERTY MANAGEMENT AGREEMENT

         This Agreement is executed by Party A and Party B on September 20, 2000
in Shanghai:

PARTY A: SHANGHAI COMMUNICATION SERVICE COMPANY
Legal Representative: Cai Guibao
Address: 1122 Yan'an Dong Lu, Shanghai

PARTY B: SHANGHAI MOBILE COMMUNICATION COMPANY LIMITED
Legal Representative: Chen Suxian
Address: 668 Beijing Dong Lu, Shanghai

WHEREAS:
1.       In order to develop its communications business and engage in normal
         production and operating activities, Party B needs to lease from
         Party A certain buildings and auxiliary facilities owned, or leased
         from a third party, by Party A.
2.       Both Parties agree that Party A shall provide Party B with building
         leasing and property management services in accordance with the terms
         and conditions of this Agreement.

         THEREFORE, Party A and Party B have reached the following agreement in
the principle of equality, mutual benefit and fairness through friendly
consultations:

                           ARTICLE ONE  LEASED PROPERTY

1.1      Buildings and other properties to be leased by Party A to Party B
         hereunder include:

         1.1.1    Buildings in respect of which Party A has title certificates;

         1.1.2    Buildings in respect of which Party A does not have title
                  certificates but has obtained permanent use right under
                  relevant documents and agreements;

         1.1.3    Buildings under Party A's actual control and use
                  notwithstanding disputes over their ownership or title due to
                  historical or other reasons;

         1.1.4    Temporary fixtures for which Party A has obtained legal use
                  right.

         1.1.5    Buildings or transmission masts owned by Party A; (buildings
                  under 1.1.1 to 1.1.5 above, "Party A's Own Property")

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         1.1.6    Buildings leased by Party A from a third party, in respect of
                  which Party A has the right to sub-lease to Party B ("Party
                  A's Subleased Property").

1.2      Party A agrees to deliver to Party B the above buildings together with
         their existing auxiliary facilities, such as air conditioning, water,
         electricity, heating, power and other utilities, and to concurrently
         provide property management services for the buildings leased to Party
         B hereunder; provided that, Party B shall pay the relevant fees and
         charges in accordance with the terms of this Agreement and applicable
         standards stipulated by relevant government authorities.

                     ARTICLE TWO   SCOPE AND PURPOSE OF LEASE

2.1      Party A agrees to lease the buildings and their auxiliary facilities
         (the "Leased Property") listed in the Schedule attached hereto to Party
         B in accordance with the terms and conditions of this Agreement (see
         the appendix of this Agreement for the list and details of such Leased
         Property). Party B agrees to lease from Party A the Leased Property in
         accordance with the terms and conditions of this Agreement and accept
         property management services provided by Party A hereunder.

2.2      Party B shall use the Leased Property for placing communications
         equipment, office use, conducting business operations or carrying out
         other legal activities and shall not alter the use of the Leased
         Property or sublease them without Party A's consent thereto.

                    ARTICLE THREE  DELIVERY OF LEASED PROPERTY

         Party A shall clean up and deliver the Leased Property to Party B upon
execution of this Agreement. The Leased Property, upon delivery, shall be in
good conditions satisfactory to the requirements of Party B.

            ARTICLE FOUR      PAYMENT OF RENT, PROPERTY MANAGEMENT FEE AND
                                       RELEVANT FEES

4.1      The rent of Party A's Own Property, the property management fee, the
         rent for the power supply equipment and the direct current electricity
         supply equipment and other related fees are to be determined by the
         market price.

         4.1.1    Party B agrees to pay Party A rent for Party A's Own Property
                  and the auxiliary facilities, charges for use of relevant
                  facilities and equipment, as well as property management fee
                  as agreed upon by the Parties in this Agreement.

                  The rent for the Leased Property shall be based on the price
                  determined upon the capital contribution (see the appendix for
                  details). The

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                  property management fee shall be based on the services
                  provided by Party A and is hereby agreed upon by the Parties
                  as follows:

                  Telecommunications Building: RMB 12 per square meter per
                  month; Business and office areas: RMB 10 per square meter per
                  month; Base stations and other sites: RMB 6 per square meter
                  per month.

         4.1.2    Party B shall pay, within 15 days upon the execution of this
                  Agreement the rent and the property management fee for the
                  period from September 20, 2000 to December 31, 2000 for the
                  Leased Property and the auxiliary facilities. Party A and
                  Party B agree that the rent and the property management fee
                  shall be paid on a semi-annual basis beginning from 2001. The
                  Parties shall complete the verification of specific items and
                  amounts of the Leased Property and the property management
                  services provided hereunder by March 15 and September 15 each
                  year. The rent of the Leased Property and the property
                  management fee payable for the first half and second half of
                  the year shall be paid by Party B to Party A on or before
                  March 25 and September 25, respectively. Party A shall provide
                  Party B with valid evidential documents in respect of such
                  payment upon the settlement.

         4.1.3    Party B shall pay the rent in accordance with the provisions
                  of this Agreement prior to the expiry of the payment period as
                  agreed upon by the Parties. If Party B fails to fulfill its
                  obligation of payment stipulated in this Agreement, Party B
                  shall be charged a surcharge of 0.03% of the overdue and
                  unpaid amount per day until Party B has fulfilled such
                  obligations; in the event that Party B fails to make the
                  payment as stipulated in this Agreement for two months, Party
                  A shall have the right to terminate the lease to Party B of
                  the relevant part of the Leased Property, but other parts of
                  this Agreement shall remain valid.

         4.1.4    Party A shall pay the taxes and expenses in respect of the
                  lease of Party A's Own Property.

4.2      Payment of rent and related fees for Party A's Subleased Property

         In respect of Party A's Subleased Property that is used by Party B,
         Party A shall advise Party B the rent, the time of rent payment and the
         method of payment agreed upon by Party A and the third party from whom
         Party A subleases such property. Party B shall pay such third party
         directly such rent at such time and in such method as advised by Party
         A.

           ARTICLE FIVE  USE, INCREASE AND DECREASE OF LEASED PROPERTY

5.1      Party B shall have the right to occupy and enjoy the use of the Leased
         Property and the auxiliary facilities without interference in
         accordance with the provisions of Article 2 during the term of this
         Agreement.

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5.2      According to its business needs, Party B may request Party A to
         increase or decrease the amount of the Leased Property and Party A
         shall give its consent if conditions permit. The Parties shall then
         re-determine the rent and other related fees on the basis of the amount
         and quality of the increased or decreased Leased Property.

                     ARTICLE SIX    FITTING-OUT AND RENOVATION;
                                   ADVERTISING ON LEASED PROPERTY

6.1      Party B has the right, upon Party A's written consent and at its own
         expense, to conduct any fitting-out, installation, change or
         improvement inside or outside the Leased Property; provided that, Party
         B shall ensure that:

         (1)      Such fitting-out, installation, change and improvement will
                  not in any essential way change the nature of the Leased
                  Property;

         (2)      Any construction project relating to such fitting-out,
                  installation, change and improvement will be conducted in an
                  appropriate way so that all the people and properties are
                  protected and the businesses of Party A in the nearby area
                  will not be unreasonably disturbed;

         (3)      In the event that such fitting-out or renovation work
                  endangers or causes any potential danger to the safety of the
                  original structure, Party B shall reinstate the Leased
                  Property and make compensation for the corresponding losses,
                  if any.

6.2      Party B may, to the extent that it will not infringe upon Party A
         interests, promote its enterprise image and businesses by hanging or
         posting promotional materials or in other legal ways on the side walls
         of the Leased Property; provided that such promotion activities shall
         not exceed the limits of the Leased Property. The Parties shall specify
         the scope of such promotion activities and locations allowed for such
         promotion materials when entering into lease of the Leased Property.
         Upon termination of this Agreement, Party B shall reinstate the Leased
         Property at its own expense and return the Leased Property to Party A;
         or, Party B shall return the Leased Property as fitted out and
         renovated, in which case Party A shall make appropriate compensations
         to Party B.

                 ARTICLE SEVEN      MAINTENANCE, REPAIR, REPLACEMENT
                                   AND IMPROVEMENT OF LEASED PROPERTY

7.1      Party A shall conduct routine maintenance, repairs, replacement and
         improvement of the Leased Property and the auxiliary facilities at its
         own expense; provided that, expenses incurred from maintenance and
         repairs resulted from inappropriate use by Party B shall be borne by
         Party B.
7.2      Party A shall immediately repair any damage to the Leased Property not
         caused by Party B, exert its utmost efforts to ensure the normal use by
         Party B

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         of the Leased Property and bear the expenses in connection therewith.
         In the event that such an instance occurs and , in Party B's judgment,
         the damage is so serious as to affect the normal use of the Leased
         Property by Party B, Party B may select to issue a written notice to
         Party A, requesting to suspend or terminate the lease of the damaged
         part of the Leased Property, in which case Party B need not pay the
         rent for the damaged part of the Leased Property beginning from the
         occurrence of such damage.

7.3      Party B shall repair or compensate for damages caused by it to the
         Leased Property and the relevant constructions or other facilities of
         Party A and bear the expenses. In the event of such an instance, Party
         A, judging from the seriousness of the damage, may have the option to
         issue a written notice to Party B, requesting to suspend or terminate
         the lease of the damaged part of the Leased Property, to which Party B
         shall give its consent, in which case Party B shall pay the rent due
         and payable prior to such termination for the damaged part of the
         Leased Property and other relevant charges.

            ARTICLE EIGHT     TERM, CANCELLATION AND RENEWAL OF AGREEMENT
8.1      This Agreement, upon execution by the authorized representatives of the
         Parties and affixing with their official seals, shall come into effect
         on September 20, 2000 and expire on September 19, 2010 (for a term of
         ten years). Unless otherwise stipulated in this Agreement, neither
         Party shall terminate the Agreement prior to the expiration of the
         lease term.
8.2      Unless otherwise stipulated in this Agreement or with Party B's prior
         written consent, Party A shall not terminate this Agreement prior to
         the expiration of the lease term hereunder. According to its actual
         needs, Party B may terminate or partially cancel this Agreement prior
         to the expiration of the term of this Agreement upon three month prior
         written notice to Party A. If this Agreement is terminated prior to its
         expiration date or is partially cancelled, within seven days after such
         termination or cancellation, Party A shall refund Party B, out of the
         rent and property management fee already paid by Party B, the rent and
         property management fee of Leased Property for the period between the
         date of such termination and the scheduled expiration date of this
         Agreement.

8.3      In respect of Party A's Own Property, this Agreement shall be
         automatically extended for one year upon the expiration of its term,
         unless Party B indicates otherwise in writing. The times of such
         extension shall be unlimited. In respect of Party A's Subleased
         Property, this Agreement may also be automatically extended for one
         year upon the expiration of its term (the times of such extension shall
         be unlimited), unless Party A indicates in writing of its intention to
         terminate this Agreement three months prior to the expiration date
         hereof, this Agreement.

             ARTICLE NINE     REPRESENTATIONS AND WARRANTIES OF PARTIES

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9.1      Each of the Parties represents and warrants to each other as follows:

         (1)      It is a limited liability company or an enterprise legal
                  person duly established and in valid existence under the laws
                  of the People's Republic of China;

         (2)      It has the right and authority to enter into this Agreement
                  and fulfill its obligations;

         (3)      Its representative who will sign this Agreement has been fully
                  authorized to do so by a valid letter of authorization or by
                  the relevant resolution of its Board of Directors; and

         (4)      Upon the execution of this Agreement and its annex attached
                  hereto, this Agreement shall be binding upon it and can be
                  enforced under applicable laws.

9.2      Party A hereby represents and warrants to Party B as follows:
         (1)      Party A has the right and authority to legally own the Leased
                  Property stipulated under this Agreement, and possesses all
                  the relevant and complete approvals and certificates
                  evidencing its legal ownership of the Leased Property
                  stipulated under this Agreement, or has the right to sublease
                  to Party B properties it leases from a third party. Party A
                  has the right to enter into this Agreement and to lease or
                  sublease to Party B the Leased Property stipulated in Article
                  One (including the site and auxiliary facilities) in
                  accordance with the terms and conditions herein; in the event
                  that Party A's property rights and use rights to the property
                  herein are contested in any circumstances and for whatever
                  reasons, and Party B is unable to exercise its rights as a
                  lessee or sustain other damages, Party A agrees to hold
                  harmless from and indemnify Party B against any losses
                  resulted therefrom;
         (2)      Upon delivery to Party B for use, the Leased Property shall be
                  in good conditions for normal use;

         (3)      As long as Party B has paid the rent for the Leased Property
                  and observed and fulfilled all the representations,
                  commitments and conditions under this Agreement, Party B shall
                  be able to freely occupy and enjoy the use of the Leased
                  Property within the term of this Agreement without
                  interference.

9.3      In the event that any representations or warranties made by Party A in
         Articles 9.1 and 9.2 above are untrue or incomplete, Party B shall have
         the right to terminate this Agreement at any time, in which case Party
         B shall have the right to claim compensation from Party A for all the
         actual losses Party B has sustained.

9.4      Party B hereby represents and warrants to Party A as follows:

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         9.4.1    Party B will pay the relevant rent to Party A on a timely
                  basis in accordance with this Agreement. In the event that
                  Party B delays the rent payment for more than one day, Party B
                  shall, in addition to payment of the rent overdue, pay, upon
                  Party A's demand, a penalty of 0.03% of the total overdue and
                  unpaid payment for each day overdue until Party B has
                  completely fulfilled its obligations;
         9.4.2    Without Party A's written consent, Party B shall not sublease
                  or transfer to a third party any part of the Leased Property
                  or any of its rights and obligations hereunder, or change the
                  use and purpose of the Leased Property and any utilities.
                  Should Party B violate any of the aforesaid provisions, Party
                  A shall have the right to request Party B to stop such conduct
                  and pay a surcharge equal to two times the proceeds from such
                  sublease or transfer received by Party B, if any.

                  ARTICLE TEN      UNDERTAKINGS AND INDEMNIFICATION

10.1     Unless otherwise stipulated in this Agreement, Party B shall, upon the
         demand of Party A, indemnify Party A against and hold Party A harmless
         from losses, expenses, damages, claims, actions, debts or liabilities
         arising from the following causes:

         10.1.1   injuries of any person or damages of property of citizens or
                  institutions other than Party A or both Parties to this
                  Agreement due to failure of performance or observation by
                  Party B of this Agreement, unless such losses, expenses,
                  damages, claims, actions, debts or liabilities were caused by
                  Party A's gross negligence or willful misconduct or by an
                  event of Force Majeure.

10.2     Unless otherwise stipulated in this Agreement, in the event of personal
         injuries or property damages within the premises of the Leased Property
         due to failure of Party A to fulfill its rights and obligations as
         stipulated in this Agreement, Party B may claim for compensation from
         Party A and Party A shall indemnify Party B against and hold Party B
         harmless from any losses, expenses, damages, claims, actions, debts or
         liabilities unless such events were caused by gross negligence or
         willful misconduct on the part of Party B or by an event of Force
         Majeure.

10.3     Due to historical reasons, certain Leased Property leased by Party B
         have not been granted with title certificates and leasing permits. The
         Parties agree that Party A shall obtain the aforesaid certificates and
         permits and Party B shall render necessary assistance. Party A shall
         bear all the relevant fees and expenses in the course of obtaining the
         aforesaid certificates and permits. Before Party A has obtained such
         certificates and permits, neither Party shall cancel this Agreement on
         the ground that Party A has not acquired the aforesaid documents, or
         the Party raising the issue of canceling this Agreement shall bear, in
         addition to its own losses, all the losses sustained by the other
         Party.

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10.4     Party A hereby acknowledges and agrees that any dispute with a third
         party arising from the lack of clarity of the property rights of the
         Leased Property shall have no bearing on Party B, and that Party A
         shall resolve any contest raised by any third party over Party B's use
         of the Leased Property, and such contest shall not affect Party B's use
         of the Leased Property hereunder. Party A shall compensate Party B for
         any losses sustained by Party B as the result of the aforesaid reason.

                         ARTICLE ELEVEN      CONFIDENTIALITY
11.1     Both Parties to this Agreement herein shall keep strictly confidential
         the operational data and information of the other Party. Neither Party
         shall, without the other Party's written consent, provide or disclose
         to any company, enterprise, organization or individual any data or
         information with regard to the operations of the other Party, except
         for circumstances stipulated by the laws of the PRC and of the listing
         place of China Mobile (Hong Kong) Limited, or by either Party, for the
         purpose of its reorganization, to a third party (including without
         limitation to, relevant government departments and all the intermediary
         institutions involved in the reorganization) orally or in writing.

               ARTICLE TWELVE      LIABILITIES FOR BREACH OF AGREEMENT

12.1     Any failure of either Party to perform any of the terms hereunder shall
         be deemed as breach of contract. Upon confirmation of occurrence of a
         breach, the breaching Party shall, within ten days of receiving a
         written notice from the non-breaching Party explaining the
         circumstances of such breach, correct such breach and make written
         notification to the non-breaching Party to the same effect; in the
         event that within ten days the breaching Party has not correct the
         breach or rendered any explanation in writing, the other Party shall
         have the right to terminate this Agreement prior to its expiration upon
         written notice to the breaching Party, in which case the breaching
         Party shall be responsible to compensate all the economic losses thus
         sustained by the other Party. In the event that one Party believes that
         such breach is nonexistent, both Parties shall consult with each other
         and try to resolve the issues thus caused. Should no resolution be
         reached through consultation, the issue shall be resolved in accordance
         with the dispute resolution clause herein.

                         ARTICLE THIRTEEN    FORCE MAJEURE

13.1     Any event or circumstance beyond the reasonable control of the Parties
         and could not be avoided by exercise of due care on the part of the
         affected Party shall be deemed as an "event of Force Majeure" and shall
         include, but not limited to, earthquake, fire, explosion, storm, flood,
         lightening, or war.

13.2     Neither Party shall bear any liability for breach of contract to the
         other Party for its failure to carry out all or any of its obligations
         hereunder as a result of an evnet of Force Majeure. However, the Party
         or Parties affected by an event

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         of Force Majeure shall, within fifteen days of the occurrence of the
         such event, notify the other Party of such event of Force Majeure along
         with relevant documentary evidence issued by the relevant government
         authorities. The Party or Parties shall resume the performance of
         its/their obligations hereunder within a reasonable period of time
         after the effects of the event of Force Majeure have been eliminated.

              ARTICLE FOURTEEN     GOVERNING LAW AND DISPUTE RESOLUTION
14.1     The execution, validity, implementation, interpretation and resolution
         of dispute of this Agreement shall be governed by the laws of the
         People's Republic of China.
14.2     Any dispute arising from or in connection with the validity,
         interpretation or execution of this Agreement shall be settled by the
         Parties through friendly consultations. In the event that no resolution
         can be reached through consultations, either Party may submit the
         dispute to Shanghai Arbitration Commission for arbitration in
         accordance with its then effective arbitration rules. Once Shanghai
         Mobile Communication Company Limited is transformed into a wholly
         foreign-owned enterprise, the dispute resolution institution will
         automatically change into China International Economic and Trade
         Arbitration Commission and any disputes shall be resolved in accordance
         with its then effective rules thereof in Shanghai. The award of such
         arbitration shall be final and binding upon both Parties.

14.3     Except for matters under arbitration, the remaining part of this
         Agreement is still in effect during the time of arbitration.

                   ARTICLE FIFTEEN      ASSUMPTION, TRANSFER
                          AND TERMINATION OF AGREEMENT
15.1     Neither Party may assign or transfer all or any part of its rights and
         obligations under this Agreement to any third party without the other
         Party's prior written consent thereto.

15.2     In the event that Party A transfers its own buildings, Party A shall
         ensure that this Agreement will be equally binding upon the transferee.

15.3     Party A hereby acknowledges that Party B may be transformed into a
         wholly foreign-owned enterprise during the term of this Agreement
         without consent or acknowledgement by Party A either prior to or after
         the event, and that Party B's entire rights and obligations under this
         Agreement shall not be affected or changed on the ground that the
         nature of the company has changed into a wholly foreign-owned
         enterprise. Party A will acknowledge the legal status of such wholly
         foreign-owned enterprise in performing this Agreement.

15.4     In the event that the following conditions are not met, Shanghai Mobile
         Communication Company Limited shall be entitled to terminate this
         Agreement at any time. After the termination of this Agreement, the
         Parties shall cease to enjoy any rights or assume any obligations under
         this Agreement

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         or in connection with its termination, except the rights and
         obligations that have incurred under this Agreement prior to such
         termination.

         (1)      China Mobile (Hong Kong) Limited ("CMHK") shall have been
                  granted relevant waivers by the Stock Exchange of Hong Kong
                  Limited ("HKSE") for CMHK's connected transactions in
                  accordance with the listing rules of HKSE ("Listing Rules");
                  and

         (2)      The independent shareholders of CMHK who are deemed to be
                  independent in accordance with the listing rules ("Independent
                  Directors") shall have approved relevant transactions.

                             ARTICLE SIXTEEN      NOTICES

16.1     Any notice or other document to be given under this Agreement shall be
         delivered in writing and may be delivered in person, sent by registered
         mail or transmitted by facsimile to the Parties at their legal
         addresses stated in this Agreement or any other addresses a Party may
         have notified the other Party in accordance with this Article.

16.2     Any notice or document shall be deemed to have been received at the
         time as follows:

         if delivered in person, at the time of delivery;

         if delivered by registered mail, five (5) business days after being
         posted (excluding Saturdays, Sundays and public holidays); and

         if transmitted by facsimile, upon receipt, or if the time of
         transmission is during non-business hours, it shall be deemed to have
         been given at the beginning of the normal business hours of the
         succeeding day (excluding Saturdays, Sundays and public holidays),
         subject to proof by the sender or confirmation from the facsimile
         machine used for such transmission that a satisfactory transmission has
         been completed.

                         ARTICLE SEVENTEEN   MISCELLANEOUS

17.1     This Agreement constitutes the entire agreement between the Parties
         with respect to the subject matter of this Agreement and supercedes any
         and all discussions, negotiations and agreements between them regarding
         the same subject matter prior to the execution of this Agreement.

17.2     In the performance of this Agreement, if any provision herein becomes
         ineffective or unenforceable as the result of implementation or
         amendment of law, such provision shall be ineffective to the extent
         that such law applies, without invalidating the remaining provisions of
         this Agreement. The Parties hereto have the rights to amend the
         provisions affected by the future implementation or amendment of law,
         which amendment shall constitute an

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         integral part of this Agreement on the condition that such amendment
         will have no material effect on either Party's economic benefits
         hereunder.

17.3     Neither Party shall have the right to amend or modify this Agreement
         without both Parties' written confirmation thereof; the Parties,
         however, shall be able to enter into supplementary agreements to govern
         matters not considered herein.

17.4     This Agreement is signed in six counterparts. Each Party will keep
         three copies. The annex and/or supplementary agreements hereto are an
         integral part hereof and shall have the same force and effect as this
         Agreement.

PARTY A: SHANGHAI COMMUNICATION           PARTY B: SHANGHAI MOBILE
         SERVICE COMPANY                           COMMUNICATION COMPANY
                                                   LIMITED

   ---------------------------               ----------------------------------
By:        s/Cai Guibao                   By:        s/Chen Suxian
   Legal or authorized representative        Legal or authorized representative

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Schedule 0

                       LIST OF BUILDING AND PROPERTY RENT
<TABLE>
<CAPTION>
Name of the Property Owner: Shanghai Mobile Communication Service Company                      Unit: RMB
-------------------------------------------------------------------------                      ---------
 No.                           Item                           Number of Item         Area         Rent (RMB/month)      Remarks
 ---                           ----                           --------------         ----         ----------------      -------
<S>   <C>                                                     <C>                 <C>             <C>                   <C>
  I    Fixed Assets---Total of Buildings and Properties             B5            12,444.95       216,647.00
  1    Fixed Assets---Buildings
            Including: Buildings for Base Stations                  67             7,286.61       111,137.00
                    Office Buildings                                1                220.00         1,650.00
                    Buildings for Business Purposes                 16             4,180.34        94,660.00
                    Other Auxiliary Buildings                       1                758.00         9,200.00
</TABLE>
<PAGE>   13
Schedule 1

<TABLE>
<CAPTION>
Name of the Property Owner: Shanghai Mobile Communication Service Company           Unit: RMB
-------------------------------------------------------------------------           ---------
  No.             Name of Building                          Detailed Address                      Floorage        Rent      Remarks
  ---             ----------------                          ----------------                      --------        ----      -------
                                                                                              (Square meters)  (RMB/month)
<S>     <C>                                  <C>                                              <C>              <C>          <C>
   1    G427 Zhen Chen Base Station          Baoshan City Industry Garden Development                 64.00         470
        Equipment Room                       Limited Company, Baoshan District, Shanghai
                                             City

   2    Xinfahua Base Station                Room 1804, 4-20 Lane, Fa Hua Town Road,                  52.00        1200
                                             Changning District, Shanghai City

   3    Jieyuan Base Station                 Room 302, 602 Tian Shan Road, Changning                 173.96        7800
                                             District, Shanghai City

   4    G2113 Machine Room under XinheBase   Xinhe Post Office, Chongming Town, Shanghai              81.00         597
        Station Mast

   5    Anguo Base Station                   Room 1905, 1-229Lane, An Guo Road, Hongkou              107.00        2200
                                             District, Shanghai City

   6    Anguo Base Station                   Room 1906, 1-229Lane, An Guo Road, Hongkou              109.33        2200
                                             District, Shanghai City

   7    Honglun Base Station                 Room 1404, Hai Lun Road, Hongkou District,              145.00        2500
                                             Shanghai City

   8    Daijian Base Station                 Room 402, 13-630 Lane, Qu Yang Road, Hongkou             68.00        1200
                                             District, Shanghai City

   9    Fude Base Station                    26F, 1688 Si Chuan Bei Road, Hongkou                    199.00        2500
                                             District, Shanghai City

  10    Zhongtai Base Station                Room 1803, Zhong Tai Apartment, Huangqu                 137.01        3000
                                             District, Shanghai City

  11    G415 Machine Room under Wangxin      Wangxin Highway, Mamen Village, Wangxin Town,            64.00         470
        Base Station Mast                    Jiading District, Shanghai City

  12    G147 Machine Room under Xingta Base  Xin Jin Shan Road, Xingta Town, Jinshan                  64.00         470
        Station Mast                         District, Shanghai

  13    G112 Machine Room under Zhangyan     Fumin Village, Zhangyan Town, Jinshan                    68.00         490
        Base Station Mast                    District, Shanghai City

  14    Yandang Base Station                 107 Yan Dang Road, Luwan District, Shanghai             111.26        1000
                                             City

  15    Guanpu Base Station                  Room 3204, 3-365, Zhi Zao Ju Road, Luwan                 77.00        1600
                                             District, Shanghai City

  16    Qibao Base Station                   Room 1403, Star Building, 3150 Lane, Cao Bao            194.00        2600
                                             Road, Minhang District, Shanghai City

  17    Honglu Base Station                  15C, 5 Ao Sen Apartment, Hong Zhong Road,               157.10        2600
                                             Minhang District, Shanghai City

  18    Huajing Base Station                 Room 1404, 1-101(927) Lane, Hu Qing Ping                105.00        1500
                                             Highway, Minhang District, Shanghai City

  19    Huajing Base Station                 Room 1406, 1-101(927) Lane, Hu Qing Ping                105.00        1500
                                             Highway, Minhang District, Shanghai City

  20    G426 Machine Room under Jiwang Base  Jiwang Telephone Branch, Minhang District,               64.00         500
        Station Mast                         Shanghai City

  21    Tianma Base Station                  Room 2503, 1-511 Lane, Wu Zhong Road, Minhang           112.93        1700
                                             District, Shanghai City

  22    G354 Machine Room under Xinzhu Base  Pacific Chemical Plant, 1225 Xin Zhu Road,               60.00         500
        Station Mast                         Minhang District, Shanghai City

  23    Yazhi Base Station                   Room 1805, 3-31 Lane, Ya Zhi Road, Minhang               90.00        1000
                                             District, Shanghai City

  24    G2512 Machine Room under Donghai     Luzhuang Village, Donghai Town, Nanhui                   46.00         240
        Town Base Station Mast               County, Shanghai City
</TABLE>

                                        1
<PAGE>   14
<TABLE>
<CAPTION>
  No.             Name of Building                          Detailed Address                      Floorage        Rent      Remarks
  ---             ----------------                          ----------------                      --------        ----      -------
                                                                                              (Square meters)  (RMB/month)
<S>     <C>                                  <C>                                              <C>              <C>          <C>
  25    Fangyao Base Station                 Patrol Room, Fangyao Relay Station, Nanhui              249.00         630
                                             County, Shanghai District

  26    G2613 Machine Room under Shuyuan     Shuyuan Post Office, Nanhui County, Shanghai             70.00         300
        Base Station Mast                    City

  27    G2505 Machine Room under Xinchang    Xinchang Village, Xinchang Town, Nanhui                  67.90         300
        Base Station Mast                    District, Shanghai City

  28    Guohuo Base Station                  236 Guo Huo Road, Nanshi District, Shanghai              69.00         600
                                             City

  29    G547 Machine Room Yifeng Base        Room 10-0, 298 He Nan Nan Road, Nanshi                  149.00        5100
        Station                              District, Shanghai City

  30    Puyu Base Station                    Room 3009, 31 Lane, Pu Yu Dong Road, Nanshi              56.00        1000
                                             District, Shanghai City

  31    G2208 Machine Room under Panzhen     Pantao Village, Beicai Town, Pudongxin                   58.00         300
        Base Station Mast                    District, Shanghai City

  32    Xinbeica Base Station (Lianxi)       408/2/1802-08 Bei Zhong Road, Pudong New                140.00        1500
                                             District, Shanghai City

  33    G2206 Yulan Base Station             Rooms 1710-171, 1 Yu Lan Yuan, 2275 Lane,               284.00        2000
                                             Chuan Bei Highway, Pudong Xin District,
                                             Shanghai City

  34    G2204 Heqing Base Station            Room 801, Mei Qing Mast, Heqing Town, Pudong            150.78        1500
                                             New District, Shanghai City

  35    Yanqiao Base Station                 Level 14, Office Building, 389 Pu Dian Road,             49.00        1500
                                             Pudong New District, Shanghai City

        Yanqiao Base Station                 Level 14, Office Building, 389 Pu Dian Road,             88.00        2650
                                             Pudong New District, Shanghai City

  36    Shanhai Base Station                 Room 1801, 2-1460 Lane, Pudong Avenue, Pudong           100.00        2700
                                             New District, Shanghai City

  37    Haihong Base Station                 Level 25, 2985 Shang Nan Road, Pudong New               173.00        3000
                                             District, Shanghai City

  38    G1121 Taigu Base Station             Room 1512, Lu Neng Mast, 18 Tai Gu Road,                103.88         780
                                             Pudong New District, Shanghai City

  39    G2212 Qusan Base Station Machine     Room 809, Kang Lin Mast, 839 Yan Gao Road,               65.23         480
        Room                                 Pudong New District, Shanghai City

  40    G2210 Machine Room under Yangyuan    Yang Yuan Real Estate Development Limited                68.00         370
        Base Station Mast                    Company, Pudong New District, Shanghai City

  41    Changde Base Station                 Rooms 2601-4, 2-1298 Lane, Chang De Road,                73.00        1300
                                             Putuo District, Shanghai City

  42    Xizhan Base Station                  1801-02 59 Che Zhan New Residential Quarter,            155.25        1800
                                             Putuo District, Shanghai City

  43    Guanlong Base Station                Room 1705-4, 2# No.8Building, 30 Lane,                   78.00        1000
                                             Guanlong Road, Putuo District, Shanghai City

  44    Shunwen Base Station                 188/1107 Shun Da Apartment, Shun Yi Road,                90.81        1500
                                             Putuo District, Shanghai City

  45    Caojiadu Base Station                Room 2401, 2-1278 Lane, Wan Hang Du Road,               100.05        1800
                                             Putuo District, Shanghai City

  46    Xikang Base Station                  Room 1801, 1393 Xi Kang Road, Putuo District,           120.00        2500
                                             Shanghai City

  47    Liantang Base Station                Production buildings of Liantang Base                   150.00         980
                                             Station, Qingpu District, Shanghai City

  48    G104 Machine Room under Daying Base  Daying Post Office, Qingpu County, Shanghai              46.00         340
        Station                              City

  49    G151 Machine Room under Shangta      Shangta Post Office, Qingpu County, Shanghai             70.00         520
        Base Station Mast                    City
</TABLE>

                                       2
<PAGE>   15
<TABLE>
<CAPTION>
  No.             Name of Building                          Detailed Address                      Floorage        Rent      Remarks
  ---             ----------------                          ----------------                      --------        ----      -------
                                                                                              (Square meters)  (RMB/month)
<S>     <C>                                  <C>                                              <C>              <C>          <C>
  50    G163 Machine Room under Zhonggang    West of 28 Zhonggang Town Street, Qingpu                 68.00         500
        Base Station Mast                    County, Shanghai City

  51    Cao Xi Bei Base Station              25B, 38 Cao Xi Bei Road, Xuhui District,                 90.36        3000
                                             Shanghai City

  52    Kangjian Base Station                Room 1804, 8 Kang Jian Road, Xuhui District,            156.25        2200
                                             Shanghai City

  53    Longwu Base Station                  Rooms 1503-1504, 18-1137 Lane, Long Wu Road,            171.77        2000
                                             Xuhui District, Shanghai City

  54    Bai He Hua Yuan Base Station         24-B Building, 1 Bai HeHua Yuan, 999 Lane, Pu           126.00        2300
                                             Bei Road, Xuhui District, Shanghai

  55    Tianlin Base Station                 Room 2807,4-414 Lane, Tian Lin Dong Road, Xu             79.00        1000
                                             Hui District, Shanghai City

  56    Tianlin Base Station                 Room 2808,4-414 Lane, Tian Lin Dong Road, Xu             81.94        1000
                                             Hui District, Shanghai City

  57    Nandan Base Station                  Room 701, 1-2200 Lane, Xie Tu Road, Xuhui               114.92        1800
                                             District, Shanghai City

  58    Huatai Base Station                  20A, 388 Zhao Jia Bang Road, Xuhui District,            230.00       17250
                                             Shanghai City

  59    Kailu Base Station                   Room 1801, 91 kai Lu San Village, Yangpu                 68.83         800
                                             District, Shanghai City

  60    Huangxing Base Station               Room 1902, 1209 Kong Jiang Road, Yangpu                  74.00        1000
                                             District, Shanghai City

  61    Songyi Base Station                  Rooms 2306, 2307 311 Song Hua Jiang Road,               173.31        1000
                                             Yangpu District, Shanghai City

  62    Songyi Base Station                  Rooms 2406, 2407 311 Song Hua Jiang Road,               173.31        1000
                                             Yangpu District, Shanghai City

  63    Tieling Base Station                 60 Lane, Tie Ling Road, Yangpu District,                 85.66        1000
                                             Shanghai City

  64    Chang'an Base Station                Room 2208, 12-560 Lane, Chang'an Road, Zhabei           102.70        1400
                                             District, Shanghai City

  65    Gonghe Base Station                  4703/85/1807 (two apartments) Gong He Xin               159.63        1700
                                             Road, Zhabei District, Shanghai City

  66    Minzhu Base Station                  1801-02 (two apartments), 100-4703 Lane, Gong           150.60        1600
                                             he Xin Road, Zhabei District, Shanghai City

  67    Fuyuanfang Base Station              Room 2008, 2-1431 Lane, Qiu Jiang Road,                  69.67        1200
                                             Zhabei District, Shanghai City

  67    Total                                                                                      7,286.61      111137
</TABLE>

                                       3
<PAGE>   16
Schedule 2

<TABLE>
<CAPTION>
Name of the Property Owner: Shanghai Mobile Communication Service                  Unit: RMB
-----------------------------------------------------------------                  ---------
   No.      Name of Building       Detailed Address                 Florage            Rent             Remarks
   ---      ----------------       ----------------                 -------            ----             -------
                                                                (Square meters)      (RMB/month)
<S>         <C>                    <C>                          <C>                  <C>               <C>
    1       Level 14, Lu Yuan      Nanhui County, Shanghai             220              1650

    1       Total                                                     220            1,650.00
</TABLE>
<PAGE>   17
Schedule 3

<TABLE>
<CAPTION>
Name of the Property Owner: Shanghai Mobile Communication Service Company     Unit: RMB
-------------------------------------------------------------------------     ---------
   No.     Name of Building               Detailed Address                        Florage               Rent          Remarks
   ---     ----------------               ----------------                        -------               ----          -------
                                                                               (Square meters)       (RMB/month)
<S>        <C>                 <C>                                             <C>                   <C>              <C>
    1      Baoshan Branch      Auxiliary Building, Gu Village, Baoshan                 40              2000
                               District, Shanghai City

    2      Baoshan Branch      Auxiliary Building, Lanan, Baoshan District,            42              2100
                               Shanghai City

    3      Baoshan Branch      Yupu Business Building, Baoshan District,               34              1850
                               Shanghai City

    4      Fengxian            Streetside Buildings, Fengxian County,              278.37              5560
                               Shanghai City

    5      Jiading             Huating Post Office, Jiading District,                 100              2500
                               Shanghai

    6      Jiading             44 Zhang Ma Road, North Office Building,              1160             13920
                               Jiading District Branch, Shanghai

    7      Minhang Branch      (94 Bei Song Highway) Zeng Yin Station,                591              1500
                               Beiqiao, Minhang District, Shanghai City

    8      Nanhui              Business Buildings of the Industrial Garden,           440             13200
                               Nanhui County, Shanghai City

    9      Nanhui              Street Buildings, Ren Min Road, Huinan Town,           456             19800
                               Nanhui County, Shanghai City

    10     Nanhui              Mobile Communication Business Buildings,             11.97              4300
                               Zhoupu Town, Nanhui County, Shanghai City

    11     Zhonghua            Zhong Hua Retail Department, Nanshi District,           25               600
                               Shanghai

    12     Pudong              Near the Telephone Branch, Chuan Sha Fang Shu          231              1250
                               Street, Pudong New District, Shanghai City

    13     Chuansha            New Street, Chuan Sha Tang Town, Pudong New             31               180
                               District, Shanghai City

    14     Pudong              501 Fan Chang Li Dong Road, Yun Lian Bureau,           324              7800
                               Pudong New District, Shanghai

    15     Songjiang           Business Buildings, Songjiang Town, Shanghai            51              2300
                               City

    16     Antu Business       Antu Exchange Station, Yangpu District,                265             15800
           Office              Shanghai City

           Total                                                                 4,180.34             94660

</TABLE>
<PAGE>   18
Schedule 4

<TABLE>
<CAPTION>
Name of the Property Owner: Shanghai Mobile Communication Service          Unit : RMB
-----------------------------------------------------------------          ----------
  No.         Name of Building               Detailed Address                   Florage                 Rent             Remarks
  ---         ----------------               ----------------                   -------                 ----             -------
                                                                            (Square meters)          (RMB/month)
<S>     <C>                           <C>                                   <C>                      <C>                 <C>
   1    Attached Building of          Zhongyuan Telephone Bureau, Yangpu
        Zhongyuan Telephone Bureau    District, Shanghai City                   758.00                 9,200.00
        Total                                                                   758.00                 9,200.00
</TABLE><PAGE>   1
                                                                   EXHIBIT 10.19

                         CAPITAL CONTRIBUTION AGREEMENT

         This Capital Contribution Agreement (the "Agreement") is executed by
the following three parties on August 30, 2000 in Shanghai:

(1)      CHINA MOBILE COMMUNICATIONS CORPORATION, a wholly state-owned limited
         liability company duly established and in valid existence under the
         laws of the People's Republic of China ("PRC"), with its legal address
         at 53 A, Xibianmen Nei Da Jie, Xuanwu District, Beijing, PRC ("China
         Mobile Group");

(2)      SHANGHAI MOBILE COMMUNICATION COMPANY, a wholly state-owned enterprise
         duly established and in valid existence under the laws of PRC, with its
         legal address at 1122, Yan'an Dong Lu, Shanghai, PRC (the "Service
         Company"). The Service Company is going through name changing
         procedures to change its name into "Shanghai Communication Service
         Company"; and

(3)      SHANGHAI MOBILE COMMUNICATION COMPANY LIMITED, a limited liability
         company duly established and in valid existence under the laws of PRC,
         with its legal address at 668, Beijing Dong Lu, Shanghai, PRC
         ("Shanghai Mobile").

WHEREAS:

1.       China Mobile Group and the Service Company have jointly established
         Shanghai Mobile, and hold 80% and 20% of its equity interest,
         respectively;

2.       Pursuant to the "Notice of Guidance Opinions on Establishing China
         Mobile Group" (Xin Bu Zheng [1999] No. 360) issued by the Ministry of
         Information Industry, the communication businesses and related assets
         in Shanghai shall be transferred to and managed by China Mobile Group;

3.       China Mobile Group has decided to inject and contribute the
         communication businesses and related assets in Shanghai to Shanghai
         Mobile;

4.       The Board of Shanghai Mobile agrees by resolution to China Mobile
         Group's injection and contribution of the communication businesses and
         related assets in Shanghai to Shanghai Mobile;

         THEREFORE, the three Parties, namely China Mobile Group, the Service
Company and Shanghai Mobile, have reached the following agreement:

                                       1
<PAGE>   2

                           ARTICLE ONE     DEFINITIONS

1.1      Unless the context indicates otherwise, the following terms shall have
         the meanings as defined below:

         "ASSET APPRAISAL REPORT" shall mean the asset appraisal report, with
         the Base Date being June 30, 2000, prepared by Zhongzi Asset Appraisal
         Company Limited and approved by the Ministry of Finance with regard to
         the assets and liabilities of communication businesses of Shanghai
         Mobile (see Appendix A of the Agreement).

         "RELATED INTERESTS AND ASSETS" shall mean all rights, interests and
         assets included in the Asset Appraisal Report and the contracts,
         agreements, certificates, business operation data, files and documents
         in connection with such rights, interests and assets, as well as any
         profits and benefits from such rights, interest and assets accrued
         thereon after June 30, 2000.

         "RELATED LIABILITIES" shall mean all liabilities set out in the
         Liability List in Appendix A of the Agreement and the contracts,
         agreements, certificates, business operation data, files and documents
         in connection with such liabilities.

         "RELATED PERSONNEL" shall mean 2,380 employees engaged in mobile
         communication services and employed by the Shanghai Mobile
         Communication Company (the predecessor of the Service Company).

         "RELATED SERVICES" shall mean the mobile communication businesses
         operated by the Shanghai Mobile Communication Company (the predecessor
         of the Service Company) in Shanghai and all the telecommunication
         operating licenses, spectrum use permits, telecommunication networks
         number resources use approvals, mobile communication base station
         licenses and all other related authorizations held by it.

         "EFFECTIVE DATE" shall mean the date when the Agreement is executed.

1.2      Unless the Agreement specifies otherwise, the articles and schedules
         mentioned herein shall mean the articles and schedules of the
         Agreement. All schedules constitute an integral part of the Agreement.

                ARTICLE TWO     INJECTION OF ASSETS AND SERVICES

2.1      China Mobile Group shall, on the Effective Date, inject all the Related
         Interests and Asset, the Related Liabilities and the Related Services
         into Shanghai Mobile.

2.2      Upon the Effective Date, Shanghai Mobile shall beneficially own the
         Related Interest and Assets and the Related Services, clear and free of
         any encumbrance, pledge or any other third-party interests, and shall
         assume the Related Liabilities.

                                       2
<PAGE>   3

2.3      Pursuant to the Asset Appraisal Report, the total value of such Related
         Interests and Asset, the Related Liabilities and the Related Services
         is RMB6,028,667,700.

2.4      The Base Date of the Asset Appraisal Report is June 30, 2000. During
         the period from the Base Date to the Effective Date, Shanghai Mobile
         shall enjoy and assume any and all assets, interests, rights and
         liabilities arising from the Related Interests and Assets, the Related
         Liabilities and Related Services.

2.5      The Service Company should notify the other party to any relevant
         contract regarding the transfer of the Related Interest and Asset, the
         Related Liabilities and the Related Businesses, and obtain such party's
         consent to such transfer.

      ARTICLE THREE EQUITY INTERESTS OF PARTIES AFTER CAPITAL CONTRIBUTION

3.1      After the capital contribution, China Mobile Group and the Service
         Company will own 99.97% and 0.03% of the equity interests,
         respectively, in Shanghai Mobile.

                       ARTICLE FOUR     RELATED PERSONNEL

4.1      From the Effective Date, the Related Personnel shall be employed by
         Shanghai Mobile.

          ARTICLE FIVE     REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS

5.1      Each Party hereto warrants that it has all requisite authority, power
         and ability to execute and perform the Agreement. The Agreement, upon
         execution, will constitute legal, valid and binding obligations of each
         of China Mobile Group, the Service Company and Shanghai Mobile.

5.2      Each of China Mobile Group and the Service Company hereby represents
         and warrants to Shanghai Mobile that, as of the Effective Date,
         Shanghai Mobile will own the Related Interests and Assets and the
         Related Services, clear and free of any encumbrance, pledge or any
         other third-party interests, and will assume the Related Liabilities.

                     ARTICLE SIX     SETTLEMENT OF DISPUTES

6.1      Any dispute arising from or in connection with the interpretation or
         performance of this Agreement shall be settled by the Parties through
         friendly negotiations conducted among representatives appointed by the
         Parties for this purpose. In the case that no resolution is reached
         through consultations within 90 days after the occurrence of any
         dispute, any Party may bring an action to a competent people's court
         for its judgment.

                                       3
<PAGE>   4

                            ARTICLE SEVEN     NOTICES

7.1      Any notice to be given under the Agreement shall be made in writing and
         sent by mail, telex, telegraph or facsimile to the other Party's
         address set out in the front page of the Agreement or to any other
         address as such Party may designate in writing from time to time.

7.2      Any notice shall be deemed to have been received at the time as
         follows:

         if delivered in person, at the time of delivery;

         if delivered by mail, on the date of the receipt;

         if delivered by telex, at the time of taking back the receipt;

         if transmitted by facsimile, upon delivery.

                         ARTICLE EIGHT     GOVERNING LAW

8.1      The Agreement shall be governed by and interpreted in accordance with
         the laws of the PRC.

                            ARTICLE NINE     LANGUAGE

9.1      The Agreement is executed in Chinese.

                         ARTICLE TEN     EFFECTIVE DATE

10.1     The Agreement shall come into effect upon the date when it is executed
         by the authorized representatives of the Parties.

                                       4
<PAGE>   5

PARTY A: CHINA MOBILE COMMUNICATIONS CORPORATION

By:      s/Xue Taohai
   -------------------------
   Authorized representative

PARTY B: SHANGHAI MOBILE COMMUNICATION COMPANY (SHANGHAI COMMUNICATION
         SERVICE COMPANY)

By:      s/Cai Guibao
   -------------------------
   Authorized representative

PARTY C: SHANGHAI MOBILE COMMUNICATION COMPANY LIMITED

By:      s/Chen Suxian
   -------------------------
   Authorized representative

                                       5
<PAGE>   6

APPENDIX A

                          MINISTRY OF FINANCE DOCUMENT

                              Cai Qi [2000] No. 269

             ------------------------------------------------------

   LETTER REGARDING OPINIONS ON VERIFICATION OF ASSET APPRAISAL OF INCREASE OF
   CAPITAL IN MOBILE COMMUNICATION COMPANIES LIMITED IN BEIJING AND OTHER SIX
  MUNICIPALITIES, PROVINCES AND AUTONOMOUS REGION AND OF CAPITAL CONTRIBUTION
            IN CHINA MOBILE (HONG KONG) LIMITED BY CHINA MOBILE GROUP

Ministry of Information Industry,

         We are in receipt from your Ministry of the "Application for
Confirmation of Asset Appraisal Results of Increase of Capital in Mobile
Communications Companies Limited in Beijing and Other Six Municipalities,
Provinces and Autonomous Region and of Capital Contribution in China Mobile
(Hong Kong) Limited by China Mobile Group" (Xin Bu Qing [2000] No. 780) and the
Asset Appraisal Reports (Zhong Zi Ping Bao Zi [2000] No. 004-017, 14 such
reports in all) prepared by Zhongzi Asset Appraisal Company Limited. We hereby
reply as follows:

1.       In connection with China Mobile Group's intention to increase its
         investment in the Mobile Communications Companies Limited of seven
         provinces/autonomous region/municipalities, including Beijing, Tianjin,
         Shanghai, Shandong, Hebei, Liaoning and Guangxi, and to inject all of
         its increased interests in the above Mobile Communications Companies
         Limited in such seven provinces/autonomous region/municipalities into
         China Mobile (Hong Kong) Limited, we have found, following our
         verification, that the project proposal regarding asset appraisal of
         the above increase of investment in domestic companies and overseas
         investment by China Mobile Group has been approved, that Zhongzi Asset
         Appraisal Company Limited, the appraisal institution undertaking asset
         appraisal in this project, possesses the asset appraisal credentials
         duly granted by the Ministry of Finance, and that the relevant
         appraisal personnel signing all the asset appraisal reports are
         certified for asset appraisal.

2.       The replacement cost method has been adopted as the major method of
         such appraisals.

3.       The base date of such appraisals is June 30, 2000. The appraisal
         results in the appraisal reports are valid only in respect of the
         assets appraised in this project, the increase of investment by China
         Mobile Group in the Mobile Communications Companies Limited in the
         above seven provinces/autonomous region/cities, and the injection by
         China Mobile Group

                                       1
<PAGE>   7
         of its entire interests of the above Mobile Communications Companies
         Limited into China Mobile (Hong Kong) following such increase of
         investment. Such result shall become invalid as of June 30, 2001.

4.       Users of such appraisal reports shall focus their attention on the
         special items disclosed therein, the items adjusted as of the base date
         and the legal validity of the appraisal reports.

5.       Legal liabilities of such appraisal reports shall be borne by the
         appraisal institution engaged to undertake such appraisals and the
         registered asset appraisers signing such appraisal reports, and shall
         not be borne by the appraisal administrative department by virtue of
         this verification.

         EXHIBITS:

         1.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding the proposed
                  increase of capital in Beijing Mobile Communication Company
                  Limited by China Mobile Group.

         2.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding the proposed
                  increase of capital in Tianjin Mobile Communication Company
                  Limited by China Mobile Group.

         3.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding the proposed
                  increase of capital in Shanghai Mobile Communication Company
                  Limited by China Mobile Group.

         4.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding the proposed
                  increase of capital in Shandong Mobile Communication Company
                  Limited by China Mobile Group.

         5.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding the proposed
                  increase of capital in Hebei Mobile Communication Company
                  Limited by China Mobile Group.

         6.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding the proposed
                  increase of capital in Liaoning Mobile Communication Company
                  Limited by China Mobile Group.

         7.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding the proposed
                  increase of capital in Guangxi Mobile Communication Company

                                       2
<PAGE>   8

                  Limited by China Mobile Group.

         8.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding injection by
                  China Mobile Group of the assets of Beijing Mobile
                  Communications Company Limited into China Mobile (Hong Kong)
                  Limited.

         9.       Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding injection by
                  China Mobile Group of the assets of Tianjin Mobile
                  Communication Company Limited into China Mobile (Hong Kong)
                  Limited.

         10.      Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding injection by
                  China Mobile Group of the assets of Shanghai Mobile
                  Communication Company Limited into China Mobile (Hong Kong)
                  Limited.

         11.      Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding injection by
                  China Mobile Group of the assets of Shandong Mobile
                  Communication Company Limited into China Mobile (Hong Kong)
                  Limited.

         12.      Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding injection by
                  China Mobile Group of the assets of Hebei Mobile Communication
                  Company Limited into China Mobile (Hong Kong) Limited.

         13.      Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding injection by
                  China Mobile Group of the assets of Liaoning Mobile
                  Communication Company Limited into China Mobile (Hong Kong)
                  Limited.

         14.      Summary statement of the asset appraisal results issued by
                  Zhongzi Asset Appraisal Company Limited regarding injection by
                  China Mobile Group of the assets of Guangxi Mobile
                  Communication Company Limited into China Mobile (Hong Kong)
                  Limited.

                                         August 28, 2000

                           (official seal of the Ministry of Finance)

Key Terms: Assets, Appraisal, Verification, Opinion, Letter

Copy to: China Mobile Group, China Mobile (Hong Kong) Limited

                                       3
<PAGE>   9

EXHIBIT 3

                SUMMARY STATEMENT OF THE ASSETS APPRAISAL RESULTS
               ISSUED BY ZHONGZI ASSETS APPRAISAL COMPANY LIMITED
  REGARDING THE PROPOSED INCREASE OF CAPITAL IN SHANGHAI MOBILE COMMUNICATIONS
                      COMPANY LIMITED BY CHINA MOBILE GROUP

Appraisal base date: June 30, 2000                          in RMB Ten Thousands
<TABLE>
<CAPTION>

----------------------------------------------------------------------------------------------------------
           ITEM                 BOOK VALUE    BOOK VALUE       APPRAISAL        INCREASE/        INCREASE/
                                                 AFTER           VALUE          DECREASE         DECREASE
                                              ADJUSTMENT                                         RATIO (%)
----------------------------------------------------------------------------------------------------------
<S>                             <C>           <C>              <C>              <C>              <C>
Current assets                  261,994.00     265,757.85      263,757.52       -2,000.33          -0.75
----------------------------------------------------------------------------------------------------------
Long-term investments             3,511.34       3,511.34        7,197.58        3,686.24         104.98
----------------------------------------------------------------------------------------------------------
Fixed assets                    598,199.11     598,199.11      611,306.98       13,107.87           2.19
----------------------------------------------------------------------------------------------------------
Including:
     Construction in progress   100,882.05     100,882.05      100,831.54          -50.51          -0.05
----------------------------------------------------------------------------------------------------------
     Buildings                   11,535.83      11,535.83       12,425.58          889.75           7.71
----------------------------------------------------------------------------------------------------------
     Machinery                  485,781.23     485,781.23      498,049.86       12,268.63           2.53
----------------------------------------------------------------------------------------------------------
Intangible assets                12,365.59      12,365.59       21,922.52        9,556.93          77.29
----------------------------------------------------------------------------------------------------------
Including:
    Land use rights              12,365.59      12,365.59       21,922.52        9,556.93          77.29
----------------------------------------------------------------------------------------------------------
Deferred assets                   4,876.13       4,876.13        4,876.13            0.00           0.00
----------------------------------------------------------------------------------------------------------
    Total assets                880,946.17     884,710.02      909,060.73       24,350.71           2.75
----------------------------------------------------------------------------------------------------------
Current liabilities             148,626.42     152,390.27      152,390.27            0.00           0.00
----------------------------------------------------------------------------------------------------------
Long-term liabilities           153,803.69     153,803.69      153,803.69            0.00           0.00
----------------------------------------------------------------------------------------------------------
    Total liabilities           302,430.11     306,193.96      306,193.96            0.00           0.00
----------------------------------------------------------------------------------------------------------
    Net assets                  578,516.06     578,516.06      602,866.77       24,350.71           4.21
----------------------------------------------------------------------------------------------------------
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]