The mixed ownership reform of China Unicom has been affecting the nerves of the whole society. The main reason is not how important China Unicom is, but that this case started the first shot of mixed ownership reform, which has a significant demonstration role. It is precisely because of being the first to eat crabs that the mixed reform process of China Unicom has been confusing. Over the past year, several versions of the plan have been "exposed", but then they have all been "rejected", which makes the capital market impatient. At the shareholders' meeting on May 9, Wang Xiaochu, the current chairman of China Unicom, said that China Unicom was the first large-scale central enterprise to carry out diversified reform of state-owned shareholding system, and the above determination was still great. Reform is to get rid of irrationality, which requires communication from all sides and takes some time. Some professionals pointed out that China Unicom's A-share company has issued eight suspension announcements, suspension progress announcements and other related announcements since its suspension on April 5. However, the effective information that investors can get from these eight announcements is relatively limited, and the key information about the progress of major events described by the company is even repeated. Such a release is actually one of the reasons why rumors have repeatedly broken out.