09:35     CHENGDU PUTIAN<01202> - Announcement (2)                            

    The Share Transfer will become effective immediately upon approvals       
    are granted by, among others, the SASAC and the Ministry of Commerce      
    in the PRC in respect of the Share Transfer, which according to the       
    latest information available to the Directors, is scheduled to be in      
    or around March 2005. The Directors believe that the Share Transfer       
    shall have no adverse impact on the financial and operation of the        
    Company as a whole.                                                       
                                                                              
    The Securities and Futures Commission of Hong Kong confirmed to the       
    Company on 4 January 2005 that an obligation on CPCL to make a general    
    offer for the shares in the Company under Rule 26.1 of the Code on        
    Takeovers and Mergers as a result of the Share Transfer is waived         
    pursuant to Note 6(a) to such rule.                                       
                                                                              
    INFORMATION RELATING TO CPCL                                              
                                                                              
    CPCL is a telecommunications equipments supplier in mobile                
    communications industry in China with a registered capital of RMB1.9      
    billion. CPCL is principally engaged in the development, production       
    and sale of telecommunications infrastructures, information terminals,    
    industry informationization applications, etc. The entire issued share    
    capital of CPCL is held by China PUTIAN.                                  
                                                                              
    INFORMATION RELATING TO THE COMPANY                                       
                                                                              
    The Company is principally engaged in the manufacture and sale of         
    various types of telecommunications cables (including different types     
    of copper cables), optical fibres, cable joining sleeves, as well as      
    equipment, manufacturing parts and materials for the production of        
    cables.                                                                   
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, unless the context otherwise requires, the          
    following terms shall have the following meanings:                        
                                                                              
    "Agreement" the agreement entered into between China PUTIAN and CPCL      
    on 21 January 2005 in respect of the transfer of 60% of the issued        
    share capital of the Company from China PUTIAN to CPCL                    
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "China PUTIAN" China PUTIAN Corporation *,                                
    a PRC state-owned enterprise established in 1980 (with the former name    
    of China National Posts and Telecommunications Industrial Company * and is
    currently managed by the SASAC                                            
                                                                              
    "Company" Chengdu PUTIAN Telecommunications Cable Company Limited *, a    
    sino-foreign joint stock limited company                                  
    incorporated in the PRC on 1 October 1994, the H Shares of which are      
    listed on the Stock Exchange                                              
                                                                              
    "CPCL" China PUTIAN Company Limited *,                                    
    a joint stock limited company established in the PRC on 23 July 2003      
    with limited liability and is wholly owned by China PUTIAN                
                                                                              
    "Directors" the directors, including the independent non-executive        
    directors, of the Company                                                 
                                                                              
    "H Shares" the overseas listed foreign shares of the Company with a       
    nominal value of RMB1.00 each and are listed on the Stock Exchange        
                                                                              
    "Hong Kong" the Hong Kong Special Administrative Region of the PRC        
                                                                              
    "PRC" the People's Republic of China                                      
                                                                              
    "RMB" Renminbi, the lawful currency of the PRC                            
                                                                              
    "SASAC" the State-owned Assets Supervision and Administration             
    Commission of the State Council                                           
                                                                              
    "Shareholders" the shareholders of the Company                            
                                                                              
    "Share Transfer" the transfer of the entire 60% of the issued share       
    capital of the Company held by China PUTIAN to CPCL at no                 
    consideration                                                             
                                                                              
    "State Council" the State Council of the PRC                              
                                                                              
    "Stock Exchange" The Stock Exchange of Hong Kong Limited                  
                                                                              
    By Order of the Board                                                     
    Chengdu PUTIAN Telecommunications                                         
    Cable Company Limited                                                     
    Xu Mingwen                                                                
    Chairman                                                                  
    Chengdu, the PRC, 24 January 2005                                         
                                                                              
    As at the date of this announcement, the Board comprises nine members:    
    Mr. Xu Mingwen as chairman; Mr. Kuo Aicheng, Mr. Wang Zhongfu, Mr. Bao