09:22     HAIER-CCT<01169> - Announcement                                     

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    HAIER ELECTRONICS GROUP CO., LTD.                                         
    *                                                                         
    (Formerly known as HAIER-CCT HOLDINGS LIMITED)                            
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1169)                                                        
                                                                              
    CHANGE OF COMPANY NAME                                                    
                                                                              
    The Directors announce that the Company's change of                       
    name has become effective from 31 January 2005.                           
                                                                              
    Reference is made to the circular of the Company dated                    
    18 November 2004 (the "Circular") and the joint                           
    announcement of the Company, Haier Corp and Haier                         
    Investment dated 28 January 2005 in relation to                           
    completion of the Asset Injection. Unless defined                         
    otherwise, terms used in the Circular have the same                       
    meanings when used in this announcement.                                  
                                                                              
    The Directors are pleased to announce that the                            
    Registrar of Companies in Bermuda has approved the                        
    change of name of the Company and with effect from                        
    31 January 2005, the name of the Company has been                         
    changed from "Haier-CCT Holdings Limited" to "Haier                       
    Electronics Group Co., Ltd." and the Chinese                              
    translation of the name of the Company, for                               
    identification purposes only, has been changed from                       
    "*" to "*" The                                                            
    Registrar of Companies of Hong Kong has also issued                       
    the Certificate on Change of Name of Oversea Company                      
    to the Company on 24 February 2005.                                       
                                                                              
    The proposed change of name of the Company will not                       
    affect any of the rights of the Shareholders. All                         
    existing share certificates for the existing Shares                       
    in issue bearing the current or previous name of the                      
    Company will continue to be evidence of title to the                      
    shares of the Company under the new name and be valid                     
    for trading and settlement on the Stock Exchange, and                     
    will not require replacement as a result of the change                    
    of name become effective. However, new share                              
    certificates will be used by the Company with effect                      
    from the date of this announcement.                                       
                                                                              
    With effect from 4 March 2005, the new stock short                        
    name of "HAIER ELEC" and "*" will be used in the                          
    trading system of the Stock Exchange.                                     
                                                                              
    General                                                                   
    As at the date of this announcement, the executive                        
    Directors are Ms. Yang Mian Mian, Mr. Wu Ke Song, Mr.                     
    Chai Yong Sen, Mr. Liang Hai Shan, Mr. Cui Shao Hua,                      
    Mr. Cao Chun Hua and Mr. Song Chun Guang and the                          
    independent non-executive Directors are Mr. Lam Kin                       
    Kau, Mark, Mr. Fung Hoi Wing, Henry, Mr. Lau Ho Wai,                      
    Lucas and Mr. Wu Yinong.                                                  
                                                                              
    By Order of the Board of                                                  
    Haier Electronics Group Co., Ltd.                                         
    Yang Mian Mian                                                            
    Chairman                                                                  
                                                                              
    Hong Kong, 1 March 2005                                                   
                                                                              
    *  for identification purposes only                                       
       For the Chinese name, please refer to the press announcement today.