09:40     CCT TELECOM<00138>&HAIER-CCT<01169>-J.Ann.&<01169>Resumed(3)        

    the Placing will be sent to the shareholders of CCT Telecom as soon       
    as practicable.                                                           
                                                                              
    At the request of Haier-CCT, trading in the shares of Haier-CCT on        
    the Stock Exchange was suspended from 2:30 p.m. on 19 January 2005        
    pending the release of this announcement. An application has been         
    made by Haier-CCT to the Stock Exchange for the resumption of trading     
    in the shares of Haier-CCT on the Stock Exchange from 9:30 a.m. on 20     
    January 2005.                                                             
                                                                              
    At the request of CCT Telecom, trading in the shares of CCT Telecom       
    on the Stock Exchange has been suspended since 9:30 a.m. on 18            
    January 2005 and will remain suspended until the release of an            
    announcement in relation to a major transaction of CCT Telecom,           
    regarding a possible voluntary conditional offer for CCT Tech             
    International Limited.                                                    
                                                                              
    As at the date of this announcement, the directors                        
    of CCT Telecom are:                                                       
    Executive directors:           Mak Shiu Tong, Clement, Tam                
                                   Ngai Hung, Terry, Cheng Yuk                
                                   Ching, Flora and William                   
                                   Donald Putt                                
    Independent non-executive      Samuel Olenick, Tam King                   
    directors:                     Ching, Kenny and Lau Ho Man,               
                                   Edward                                     
                                                                              
    As at the date of this announcement, the directors                        
    of Haier-CCT are:                                                         
                                                                              
    Executive directors:           Mak Shiu Tong, Clement, Wu Ke              
                                   Song, Chai Yong Sen, Liang                 
                                   Hai Shan, Tam Ngai Hung,                   
                                   Terry, Cui Shao Hua and Man                
                                   Wei Dong                                   
                                                                              
    Independent non-executive      Lam Kin Kau, Mark, Fung Hoi                
    directors:                     Wing, Henry and Lau Ho Wai,                
                                   Lucas                                      
                                                                              
    By Order of the Board of                                                  
     CCT Telecom Holdings Limited                                             
     (*)                                                                      
    Mak Shiu Tong, Clement                                                    
    Chairman                                                                  
                                                                              
    By Order of the Board of                                                  
    Haier-CCT Holdings Limited                                                
    (*)                                                                       
    Tam Ngai Hung, Terry                                                      
    Director                                                                  
                                                                              
    Hong Kong, 19 January 2005                                                
                                                                              
     * for identification purposes only