10:00     CCT TELECOM<00138>&CCT TECH INT'L<00261> - J.Ann.&Resume(9)         

    The CCT Tech Group is principally engaged in the sale, manufacture,       
    design and development of telecom products and electronic products        
    on an ODM and OEM basis. The audited consolidated net assets of           
    CCT Tech as at 31 December 2002 and 31 December 2003 amounted to          
    approximately HK$46 million and HK$142 million respectively, or           
    approximately HK$0.0043 and HK$0.011 per CCT Tech Share. The              
    audited consolidated turnover of CCT Tech for each of the financial       
    period ended 30 September 2001, 31 December 2002 and 31 December          
    2003 amounted to approximately HK$84 million, HK$106 million and          
    HK$1,926 million respectively. The audited consolidated net               
    profit/(net loss) before taxation of CCT Tech for each of the             
    financial period ended 30 September 2001, 31 December 2002 and 31         
    December 2003 amounted to approximately HK$(45) million, HK$100           
    million and HK$82 million respectively. The audited consolidated          
    net profit/(net loss) after taxation of CCT Tech for each of the          
    financial period ended 30 September 2001, 31 December 2002 and 31         
    December 2003 amounted to approximately HK$(45) million, HK$98            
    million and HK$73 million respectively. The unaudited                     
    consolidated turnover and net profit before taxation and after            
    taxation of CCT Tech for the six months ended 30 June 2004 amounted       
    to approximately HK$1,783 million, HK$64 million and HK$57 million        
    respectively.                                                             
                                                                              
    SHAREHOLDING STRUCTURE OF CCT TECH AND SUBSTANTIAL SHAREHOLDERS           
    OF CCT TECH AS AT THE DATE OF THIS ANNOUNCEMENT AS RECORDED IN THE        
    REGISTER REQUIRED TO BE KEPT BY CCT TECH UNDER SECTION 336 OF THE         
    SFO                                                                       
                                                                              
       Number of the CCT Tech Shares   %                                      
                                                                              
    CCT Telecom (Note 1)   5,500,000,000   34.51                              
    Kwong Cheong Trading Limited (Note 2)   2,000,000,000   12.55             
    Public shareholders                                                       
    Deutsche Bank Aktiengesellschaft   1,285,280,000   8.06                   
    Other public shareholders   7,153,142,562   44.88                         
    Total shareholdings held by public   8,438,422,562   52.94                
    Total   15,938,422,562   100.00                                           
                                                                              
    Note 1: The interest comprises 1,800,000,000 CCT Tech Shares held         
    by Jade Assets Company Limited, 1,350,000,000 CCT Tech Shares held        
    by CCT Assets Management Limited, 1,350,000,000 CCT Tech Shares           
    held by Expert Success International Limited and 1,000,000,000 CCT        
    Tech Shares held by Noble Team Investments Limited, all of them           
    are indirect wholly-owned subsidiaries of CCT Telecom.                    
                                                                              
    Note 2: Other than its holding of a 12.55% interest in CCT Tech,          
    Kwong Cheong Trading Limited is independent of, and not connected         
    with CCT Telecom, its directors, chief executive, substantial             
    shareholders and their respective associates.                             
                                                                              
    INFORMATION ON THE OFFEROR AND CCT TELECOM                                
                                                                              
    The Offeror is a company incorporated in the British Virgin Islands       
    on 4 January 2000 and is an indirect wholly-owned subsidiary of           
    CCT Telecom. The directors of the Offeror are Mr. Mak Shiu Tong,          
    Clement and Ms. Cheng Yuk Ching, Flora, both are also executive           
    directors of CCT Telecom. The main business of the Offeror is             
    investment holding. CCT Telecom was incorporated in the Cayman            
    Islands, whose shares are listed on the main board of the Stock           
    Exchange. The CCT Telecom Group's principal activities can be             
    broadly categorised into (i) manufacture, sale, design and                
    development of telecom products and electronic products through           
    the CCT Tech Group; (ii) manufacture of power supply components;          
    and (iii) manufacture and sale of plastic components and baby and         
    health care products (including but not limited to the plastic baby       
    health care products, sewed soft toys, baby and toy wears and other       
    accessories). As at the date of this announcement, companies              
    controlled by Mr. Mak Shiu Tong, Clement are the substantial              
    shareholders of CCT Telecom, beneficially interested in                   
    86,261,941 CCT Telecom Shares, under the register kept by CCT             
    Telecom under Section 336 of the SFO representing approximately           
    20.42% of the existing issued share capital of CCT Telecom.