12:03     CHINA MOTION<00989> - Announcement (2)                              

    C33, D6 and D7 which are vacant, all other car parking spaces of the      
    Properties are on lease. As investment in real properties is not a core   
    business of the Group, the Directors consider that the Disposal will      
    enable the Group to focus its resources in the provision of               
    international telecommunications services, mobile communications          
    services and distribution and retail chain services. The Directors        
    further consider the terms of the Disposal (including the                 
    consideration) to be fair and reasonable and in the interests of the      
    Shareholders as a whole.                                                  
                                                                              
    The net book value of the Properties is HK$13,500,000 as at 28 February   
    2005. It is estimated that, upon completion of the Disposal, the Group    
    will record a profit of approximately HK$3,700,000 before deducting the   
    relevant expenses.                                                        
                                                                              
    USE OF PROCEEDS                                                           
                                                                              
    The net sale proceeds of approximately HK$17,000,000 from the Disposal    
    will be used as working capital of the Group.                             
                                                                              
    INFORMATION ON THE GROUP AND THE PURCHASER                                
                                                                              
    The Group is principally engaged in the provision of international        
    telecommunications services, mobile communications services and           
    distribution and retail chain services.                                   
                                                                              
    To the best knowledge of the Directors, the Purchaser is a property       
    investment company.                                                       
                                                                              
    GENERAL                                                                   
                                                                              
    The Disposal constitutes a discloseable transaction for the Company       
    under Chapter 14 of the Listing Rules. A circular containing details of   
    the Disposal will be sent to the Shareholders as soon as reasonably       
    practicable.                                                              
                                                                              
    DEFINITIONS                                                               
                                                                              
    In this announcement, unless the context requires otherwise, the          
    following terms shall have the following meanings:                        
                                                                              
    "associate(s)"  has the meaning ascribed to it under the Listing Rules;   
                                                                              
    "Best Class"  Best Class International Limited, a company incorporated    
    in Hong Kong with limited liability;                                      
                                                                              
    "Board"  the board of Directors;                                          
                                                                              
    "Company"  China Motion Telecom International Limited, a company          
    incorporated in Bermuda with limited liability whose shares are listed    
    on the Stock Exchange and the Singapore Exchange Securities Trading       
    Limited;                                                                  
                                                                              
    "Directors"  the directors of the Company;                                
                                                                              
    "Disposal"  the disposal of the Properties contemplated under the         
    Provisional Agreement;                                                    
                                                                              
    "Group"  the Company and its subsidiaries;                                
                                                                              
    "HK$"  Hong Kong dollars, the lawful currency of Hong Kong;               
                                                                              
    "Hong Kong"  the Hong Kong Special Administrative Region of the           
    People's Republic of China;                                               
                                                                              
    "Independent Third Party"  an independent third party which is (i) not    
    connected with any of the directors, chief executives, substantial        
    shareholders of the Company or any of its subsidiaries or any of their    
    respective associates; and (ii) not a connected person of the Company     
    as defined in the Listing Rules;                                          
                                                                              
    "Listing Rules"  the Rules Governing the Listing of Securities on the     
    Stock Exchange;                                                           
                                                                              
    "Properties"  Car parking space nos. C1 - C40 on the 2nd Floor and car    
    parking space nos. D5 - D7 on the 3rd Floor, Enterprise Square, No. 9     
    Sheung Yuet Road, Kowloon, Hong Kong;                                     
                                                                              
    "Property Agent"  an Independent Third Party;                             
                                                                              
    "Provisional Agreement"  the preliminary sale and purchase agreement      
    dated 22 March 2005 made between Best Class, the Purchaser and the        
    Property Agent relating to the Disposal;