12:03     CHINA MOTION<00989> - Announcement (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.                   
                                                                              
    China Motion Telecom International Limited                                
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 989)                                                         
                                                                              
    DISCLOSEABLE TRANSACTION                                                  
                                                                              
    On 22 March 2005, Best Class, an indirect wholly-owned subsidiary of      
    the Company, entered into the Provisional Agreement with, among others,   
    the Purchaser, an Independent Third Party, to dispose of the Properties   
    at the consideration of HK$17,200,000.                                    
                                                                              
    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.                                                              
                                                                              
    THE PROVISIONAL AGREEMENT DATED 22 MARCH 2005                             
                                                                              
    Parties:  Vendor  :  Best Class, an indirect wholly-owned subsidiary of   
    the Company                                                               
                                                                              
      Purchaser  :  a company, which is and whose beneficial owner(s) are,    
    to the best of the Directors' knowledge, information and belief having    
    made all reasonable enquiry, Independent Third Parties                    
                                                                              
      Property agent  :  a company, which is and whose beneficial owners      
    are, to the best of the Directors' knowledge, information and belief      
    having made all reasonable enquiry, Independent Third Parties             
                                                                              
    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.                                                 
                                                                              
    Consideration                                                             
                                                                              
    The consideration for the Disposal of HK$17,200,000 was arrived at        
    after arm's length negotiation between Best Class and the Purchaser by    
    reference to the current market value of similar properties in the        
    market in the same area. The Company has not conducted any independent    
    valuation on the Properties. The consideration for the Disposal shall     
    be satisfied by the Purchaser in cash as follows:                         
                                                                              
    (a)  HK$800,000, being the initial deposit, paid by the Purchaser upon    
    the signing of the Provisional Agreement;                                 
                                                                              
    (b)  HK$920,000, being the further deposit, payable by the Purchaser      
    upon the signing of the formal agreement for sale and purchase on or      
    before 8 April 2005; and                                                  
                                                                              
    (c)  HK$15,480,000, being the balance, payable by the Purchaser upon      
    completion on or before 20 May 2005.                                      
                                                                              
    The initial deposit and the further deposit in the total sum of           
    HK$1,720,000 shall be paid to Best Class's solicitors as stakeholder      
    who shall not release the same to Best Class unless it is proved to the   
    Purchaser's solicitors that the balance of the consideration is           
    sufficient to discharge the existing legal charge/mortgage in respect     
    of the Properties. The consideration is sufficient to cover the           
    existing mortgage.                                                        
                                                                              
    Principal Terms                                                           
                                                                              
    Completion of the sale and purchase of the Properties shall take place    
    on or before 20 May 2005.                                                 
                                                                              
    The Properties shall be sold on an "as is" basis free from encumbrances   
    subject to the existing tenancies.                                        
                                                                              
    In consideration of the services rendered by the Property Agent, the      
    Property Agent shall receive a sum of HK$172,000 from each of Best        
    Class and the Purchaser as commission.                                    
                                                                              
    REASONS FOR THE DISPOSAL                                                  
                                                                              
    The Properties are currently held by the Group as investment              
    properties. Except for car parking space nos. C5, C27, C28, C30, C32,