09:42     CITIC 21CN<00241> - Announcement (2)                                

    responsibility for the accuracy of this announcement                      
    save for Mr. Liu Hongru who was being out of town as                      
    at the date of this announcement.                                         
                                                                              
    GENERAL                                                                   
    The principal activity of the Company is investment                       
    holding. The principal activities of the Group are                        
    telecommunications value-added services, system                           
    integration and software development.                                     
                                                                              
    As at the date of this announcement, the Board                            
    comprises ten directors, of which (i) seven are                           
    executive directors, namely, Ms. Chen Xiao Ying, Mr.                      
    Luo Ning, Mr. Sun Yalei, Mr. Zhang Lian Yang, Mr. Yin                     
    Yiping, Ms. Xia Guilan and Dr. Liu Xiaoping; and (ii)                     
    three are independent non-executive directors,                            
    namely, Mr. Tsui Yiu Wa, Alec, Mr. Zhang Jian Ming                        
    and Mr. Liu Hongru.                                                       
                                                                              
    By Order of the Board                                                     
    CITIC 21CN COMPANY LIMITED                                                
    Chen Xiao Ying                                                            
    Chairman                                                                  
                                                                              
    Hong Kong, 28th January, 2005