10:18     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)                                                         
                                                                              
    DESPATCH OF THE COMPOSITE OFFER AND RESPONSE 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)                                    
                                                                              
    The Composite Offer Document containing, among other things, the          
    details of the Offers, the letter from the board of the CCT Tech          
    Directors, the letter from DBS Asia to the CCT Tech Shareholders,         
    the CCT Tech Optionholders and the holder of the CCT Tech 2005 CN,        
    the letter from the Independent Board Committee of CCT Tech to the        
    CCT Tech Independent Shareholders and the CCT Tech Optionholders and      
    the letter from Altus Capital to the Independent Board Committee of       
    CCT Tech, the CCT Tech Independent Shareholders and the CCT Tech          
    Optionholders, in respect of the Offers, together with the Pink Form      
    of Acceptance and the instructions on how to obtain the White Form        
    of Acceptance and the Yellow Form of Acceptance under the Offers,         
    were despatched to the CCT Tech Shareholders, the CCT Tech                
    Optionholders and the holder of the CCT Tech 2005 CN on 31 March 2005     
    in accordance with the Takeovers Code. The CCT Tech Independent           
    Shareholders and the CCT Tech Optionholders are encouraged to read        
    the Composite Offer Document carefully, including the letter from         
    the board of the CCT Tech Directors, the letter from the Independent      
    Board Committee of CCT Tech, the letter from DBS Asia and the letter      
    from Altus Capital, in respect of the Offers, before deciding whether     
    or not to accept the Offers.                                              
                                                                              
    The Circular containing, among other things, the details of the           
    Offers, the letter from the board of the CCT Telecom Directors, the       
    letter from the Independent Board Committee of CCT Telecom to the         
    CCT Telecom Independent Shareholders and the letter from VC Capital       
    to the board of the CCT Telecom Directors, the Independent Board          
    Committee of CCT Telecom and the CCT Telecom Independent                  
    Shareholders, in respect of the Offers, was despatched to the CCT         
    Telecom Shareholders on 31 March 2005 in accordance with the Listing      
    Rules. The CCT Telecom Independent Shareholders are encouraged to         
    read the Circular carefully, including the letter from the board of       
    the CCT Telecom Directors, the letter from the Independent Board          
    Committee of CCT Telecom and the letter from VC Capital in respect        
    of the Offers, before deciding to vote for or against the Offers.         
                                                                              
    Terms defined in the Composite Offer Document and the Circular dated      
    31 March 2005 shall have the same meanings when used herein.              
                                                                              
    Terms defined in the Composite Offer Document and the major and           
    connected transaction circular of CCT Telecom (the ``Circular'')          
    both dated 31 March 2005 shall have the same meanings when used herein.   
    On 31 January 2005, CCT Tech and CCT Telecom jointly announced that       
    DBS Asia, on behalf of the Offeror, will make the Offers, which           
    constitute a major and connected transaction for CCT Telecom.