10:04     CCT TELECOM<00138>&CCT TECH INT'L<00261> - J.Ann.&Resume(13)        

    As New Capital, a company wholly-owned by Mr. Mak Shiu Tong,              
    Clement, the Chairman and an executive director of both CCT Telecom       
    and CCT Tech, and his family members,  is the registered holder           
    of the CCT Tech 2005 CN, VC Capital Limited has also been appointed       
    to advise the board of CCT Telecom pursuant to Rule 2.4 of the            
    Takeovers Code. VC Capital Limited has provided its advice to the         
    board of CCT Telecom that the making of the Offers is in the              
    interest of the CCT Telecom Shareholders. Written advice from VC          
    Capital Limited will be contained in the circular of CCT Telecom.         
                                                                              
    DESPATCH OF CIRCULAR AND The OFFER DOCUMENT                               
                                                                              
    A circular containing, among other things, the notice of the              
    extraordinary general meeting and further details of the Offers           
    and the letter of advice from VC Capital Limited will be despatched       
    to the CCT Telecom Shareholders as soon as practicable.                   
                                                                              
    The Offeror will despatch the Offer Document to the CCT Tech              
    Shareholders, the holder of the CCT Tech 2005 CN and the CCT Tech         
    Optionholders setting out the terms and other details of the Offers,      
    together with the acceptance and transfer forms as soon as                
    practicable, in accordance with the Takeovers Code.                       
                                                                              
    The circular and the Offer Document will be despatched on the same        
    date.                                                                     
                                                                              
    DESPATCH OF RESPONSE DOCUMENT                                             
                                                                              
    Within 14 days from the posting of the Offer Document, CCT Tech           
    is required to despatch a response document to the CCT Tech               
    Shareholders, the holder of the CCT Tech 2005 CN and the CCT Tech         
    Optionholders in respect of the Offers. An independent board              
    committee will be formed to advise the CCT Tech Independent               
    Shareholders and the CCT Tech Optionholders in respect of the             
    Offers. Altus Capital Limited has been appointed to advise the            
    independent board committee of CCT Tech, the CCT Tech Independent         
    Shareholders and the CCT Tech Optionholders.                              
                                                                              
    GENERAL                                                                   
                                                                              
    The Offers are made on an arm's length basis and the directors of         
    CCT Telecom believe that the terms of the Offers are in the               
    interests of the CCT Telecom Shareholders and the CCT Tech                
    Shareholders as a whole.                                                  
                                                                              
    An application will be made to the Stock Exchange for the granting        
    of the listing of and permission to deal in the new CCT Telecom           
    Shares to be issued under the Convertible Bonds in respect of the         
    Offers.                                                                   
                                                                              
    DBS Asia has been appointed as the financial adviser to the Offeror       
    in respect of the Offers.                                                 
                                                                              
    SUSPENSION AND RESUMPTION OF TRADING                                      
                                                                              
    At the request of CCT Telecom, trading in the CCT Telecom Shares          
    was suspended at 9:30 a.m. on 18 January 2005 pending the release         
    of this announcement. An application has been made by CCT Telecom         
    to the Stock Exchange for the resumption of trading in the CCT            
    Telecom Shares from 9:30 a.m. on 1 February 2005.                         
                                                                              
    At the request of CCT Tech, trading in the CCT Tech Shares was            
    suspended at 9:30 a.m. on 18 January 2005 pending the release of          
    this announcement. An application has been made by CCT Tech to the        
    Stock Exchange for the resumption of trading in the CCT Tech Shares       
    from 9:30 a.m. on 1 February 2005.                                        
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, the following expressions have the following        
    meanings, unless the context otherwise requires:                          
                                                                              
    ``acting in concert''   has the meaning ascribed to it in the             
    Takeovers Code                                                            
                                                                              
    ``Business Day''   a day (excluding Saturday) on which banks are          
    generally open in Hong Kong for general banking transactions for          
    more than four hours                                                      
                                                                              
    ``Cash Offer with Securities Exchange Alternative''   the                 
    voluntary conditional cash offer (with securities exchange                
    alternative) of HK$1,840 in cash or Convertible Bonds with a face         
    value of HK$1,840, for every 80,000 CCT Tech Shares or every CCT          
    Tech 2005 CN with a face value of HK$800                                  
                                                                              
    ``CCT Tech''   CCT Tech International Limited, an exempted                
    company incorporated in Bermuda and the securities of which are           
    listed on the main board of the Stock Exchange