According to recent media reports, since late May this year, Tong Jilu, former chairman of China Tower (HK: 00788), has lost contact with the outside world, with his wife and son also reportedly missing.

As of August 15, China Tower's total market capitalization stands at 206.9 billion yuan, with its stock price surging an impressive 871.90% over the past six months.

The 67-year-old Tong Jilu retired in September 2021 due to age requirements, earning 1.16 million yuan in compensation that year, nearly four years ago.

According to relevant sources, this incident may be related to recent investigations of senior executives at certain domestic financial institutions, though relevant authorities have not yet issued any official statements or notifications. Several industry insiders indicate that investigation progress and subsequent information regarding the case still await disclosure from authoritative departments.

Born in 1958, Tong Jilu previously served in various senior positions at China Unicom, including Chief Financial Officer. When China Tower was established in 2014, he joined the company as General Manager representing China Unicom, and was promoted to Chairman in March 2018.

In August 2018, China Tower successfully went public in Hong Kong, issuing H-shares and raising over 50 billion Hong Kong dollars, making it one of the largest IPOs that year. Industry experts credit him with playing a crucial role in China Tower's formation, listing, and growth process.

During his tenure, the company actively expanded into new energy businesses including base station backup power and power battery recycling, striving to capitalize on market opportunities brought by 5G and new infrastructure development. After Tong Jilu's retirement at the end of 2021, he served as a company advisor but has gradually withdrawn from daily operations in recent years. Data shows that from 2015 to 2021, Tong Jilu earned an average annual salary of 1.0446 million yuan, receiving a total compensation of 7.312 million yuan over seven years.

Meanwhile, rumors suggest that Tong Jilu's son works at China International Capital Corporation Limited, serving as a departmental leader responsible for projects. However, CICC and related institutions have not issued any statements regarding this matter, and the degree of connection to the events remains inconclusive.

Some analysts believe that given the market's increased scrutiny of violations and irregularities among financial industry executives, various rumors currently circulating require verification from authoritative sources.

China Tower is a state-owned telecommunications infrastructure service company jointly established by China Mobile, China Unicom, and China Telecom in 2014, with registered capital of 10 billion yuan. According to the 2024 annual report, the top three shareholders remain China Mobile, China Unicom, and China Telecom. China Tower's main business involves the construction, maintenance, and operation of communication towers and supporting base stations, serving as one of the backbone components of China's mobile communication network.

According to the company's annual financial report, in 2024 the company achieved operating revenue of 97.772 billion yuan, up 4.0% year-on-year, with net profit attributable to shareholders of 10.729 billion yuan, up 10.0% year-on-year.

In the first half of 2025, the company's performance continued to maintain steady growth, with operating revenue of 49.601 billion yuan, up 2.8% year-on-year, and net profit of 5.757 billion yuan, up 8.0% year-on-year.

Market observers note that the domestic capital market and financial industry have indeed witnessed several cases of senior executives losing contact or being investigated recently, though it remains difficult to determine whether direct connections exist between these various incidents.

Notably, recent reports also suggest that Ding Wei, a former senior executive of CICC Capital, has "lost contact" and was taken away for investigation by disciplinary inspection departments, though the related situation has not been officially confirmed.