09:43     CCT TELECOM<00138> & CCT TECH INT'L<00261> - Joint Ann. (1)         

    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.                                                             
                                                                              
    This announcement appears for information purposes only and does          
    not constitute an invitation or offer to acquire, purchase or             
    subscribe for securities of CCT Telecom Holdings Limited and CCT          
    Tech International Limited.                                               
                                                                              
    CCT Telecom Holdings Limited                                              
    (Incorporated in the Cayman Islands with limited liability)               
    (Stock Code: 138)                                                         
                                                                              
    CCT Tech International Limited                                            
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 261)                                                         
                                                                              
    DELAY IN THE DESPATCH OF THE COMPOSITE OFFER DOCUMENT AND                 
    THE MAJOR AND CONNECTED TRANSACTION CIRCULAR                              
                                                                              
    relating to                                                               
                                                                              
    Voluntary Conditional Cash Offer with Securities Exchange                 
    Alternative by                                                            
                                                                              
    DBS Asia Capital Limited                                                  
                                                                              
    on behalf of Jade Assets Company Limited, a wholly-owned                  
    subsidiary of                                                             
    CCT Telecom Holdings Limited, to acquire all the issued                   
    shares and all the convertible notes due 2005 of                          
                                                                              
    CCT Tech International Limited                                            
                                                                              
    (other than those already owned by the Offeror and parties acting         
    in concert with it                                                        
    (other than New Capital Industrial Limited)) and                          
    Voluntary Conditional Cash Offer to cancel all outstanding options        
    of                                                                        
                                                                              
    CCT Tech International Limited                                            
                                                                              
    (other than those already owned by the Offeror and parties acting         
    in concert with it)                                                       
                                                                              
    Further to the joint announcements made on 31 January 2005 and 21         
    February 2005, CCT Tech, CCT Telecom and the Offeror expect that          
    the composite offer document (the ``Composite Offer Document'')           
    of CCT Telecom and CCT Tech and the major and connected transaction       
    circular (the ``Circular'') of CCT Telecom will be despatched by          
    no later than 21 March 2005, as more time is needed for the               
    preparation of both documents.                                            
                                                                              
    Applications have been made to the SFC and the Stock Exchange for         
    an extension of time for the despatch of the Composite Offer              
    Document and the Circular respectively by no later than 21 March          
    2005. The Composite Offer Document and the Circular will be               
    despatched as soon as possible. An announcement will be made upon         
    the despatch of the Composite Offer Document and the Circular.            
                                                                              
    Reference is made to the joint announcement issued by CCT Telecom         
    and CCT Tech dated 31 January 2005 (the ``Joint Announcement'').          
    Terms used herein shall have the same meanings as in the Joint            
    Announcement unless defined otherwise.                                    
                                                                              
    Pursuant to Rule 8.2 of the Takeovers Code, the Composite Offer           
    Document is required to be posted within 35 days of the date of           
    the Joint Announcement, i.e. 7 March 2005. CCT Telecom and CCT Tech       
    have jointly applied to the SFC for an extension of time for the          
    despatch of the Composite Offer Document by not later than 21 March       
    2005.                                                                     
                                                                              
    In addition, pursuant to Rule 14.38 of the Listing Rules, the             
    Circular is required to be sent by CCT Telecom to the CCT Telecom         
    Shareholders within 21 days after the publication of the Joint            
    Announcement, i.e. 21 February 2005. On 21 February 2005, CCT             
    Telecom was granted an extension from the Stock Exchange to               
    despatch the Circular by not later than 7 March 2005. CCT Telecom         
    has applied to the Stock Exchange for a further extension of time         
    for the despatch of the Circular by not later than 21 March 2005.