10:03     CHINA ELECTRON<00085> - Announcement (8)                            

    "GSM"        Global System for Mobile Communications, a digital cellular  
    telephone system which is now available in most parts of the world, and   
    uses 200 kHz wide channels that allows eight simultaneous calls on the    
    same radio frequency                                                      
                                                                              
    "Hong Kong"        the Hong Kong Special Administrative Region of the     
    PRC                                                                       
                                                                              
    "Independent Board Committee"        an independent board committee,      
    comprising Messrs Chan Kay Cheung, Wong Po Yan and Yin Yongli, being all  
    the independent non-executive Directors                                   
                                                                              
    "Independent Shareholders"        Shareholders other than CEC and its     
    associates                                                                
                                                                              
    "Listing Rules"        the Rules Governing the Listing of Securities on   
    The Stock Exchange of Hong Kong Limited                                   
                                                                              
    "New Share(s)"        the new share(s) of HK$0.01 each in the share       
    capital of the Company immediately after the Capital Reorganisation       
    becoming effective                                                        
                                                                              
    "PRC"        the People's Republic of China                               
                                                                              
    "SGM"        the special general meeting of the Company to be convened    
    to consider and, if thought fit, to approve the Acquisition and the       
    Capital Reorganisation                                                    
                                                                              
    "Share Consolidation"        the proposed consolidation of eight issued   
    shares of HK$0.00125 each in the share capital of the Company             
    immediately after the Capital Reduction taking effect, into one New       
    Share                                                                     
                                                                              
    "Share(s)"        ordinary share(s) of HK$0.01 each in the share capital  
    of the Company                                                            
                                                                              
    "Shareholder(s)"        holder(s) of the Share(s)                         
                                                                              
    "Stock Exchange"        The Stock Exchange of Hong Kong Limited           
                                                                              
    "Target Equity Interest"        the 48% equity interest held by China     
    Electronics Industry in CECW                                              
                                                                              
    "UMTS"        Universal Mobile Telecommunications System, a 3G mobile     
    technology that will deliver broadband information speeds up to 2 Mbit    
    s/sec                                                                     
                                                                              
    "HK$"        Hong Kong dollars, the lawful currency of Hong Kong          
                                                                              
    "RMB"        Renminbi, the lawful currency of the PRC                     
                                                                              
    For the purpose of this announcement, unless otherwise specified,         
    conversions of Renminbi into Hong Kong dollars are based on the           
    approximate exchange rate of RMB1.0606 to HK$1.00. The translations are   
    not representations that the Renminbi and Hong Kong dollar amounts could  
    actually be converted at such rate, if at all.                            
                                                                              
    For ease of reference only, the names of PRC established companies and    
    entities have been included in this announcement in both the Chinese and  
    English languages and the English names of these companies and entities   
    are either English translations of their respective official Chinese      
    names or English tradenames used by them. In the event of any             
    inconsistency between the English names and their respective Chinese      
    names, the Chinese names shall prevail.                                   
                                                                              
    By order of the board of directors of                                     
    China Electronics Corporation Holdings Company Limited                    
    Yang Xiaotang                                                             
    Chairman                                                                  
                                                                              
    Hong Kong, 4 April 2005                                                   
                                                                              
    As at the date of this announcement, the board comprises two              
    non-executive Directors, namely Messrs Yang Xiaotang (Chairman) and Tong  
    Baoan (Vice-Chairman) , two executive Directors, namely Messrs Fan        
    Qingwu (Managing Director) and Hua Longxing, and three independent        
    non-executive Directors, namely Messrs Chan Kay Cheung, Wong Po Yan and   
    Yin Yongli.                                                               
                                                                              
    * For the Chinese name, please refer to the press announcement today.