10:10     CCT TELECOM<00138> & CCT TECH INT'L<00261> - J. Ann. (4)            

    Save for the acceptance of the Offers in respect of the CCT Tech          
    2005 CN by New Capital, the Offeror, CCT Telecom and parties acting       
    in concert with it have not dealt in any CCT Tech Shares, any CCT         
    Tech Options, any CCT Tech 2005 CN, any CCT Tech 2008 CN, or any          
    other convertible securities, warrants, options or derivatives in         
    respect of the CCT Tech Shares, and the number of CCT Tech Shares,        
    the amount of the CCT Tech 2005 CN and the amount of the CCT Tech         
    2008 CN held by the Offeror, CCT Telecom and parties acting in            
    concert with it remained unchanged, throughout the period between         
    the date of the Joint Announcement up to the date of this                 
    announcement.                                                             
                                                                              
    After taking into account the valid acceptances received as at 4:00       
    p.m. on 21 April 2005 under the Offers, the Offeror, CCT Telecom          
    and parties acting in concert with it together own 13,117,603,244         
    CCT Tech Shares (representing approximately 82.30% of the entire          
    issued share capital of CCT Tech as at the date of this                   
    announcement), the CCT Tech 2005 CN and the CCT Tech 2008 CN as           
    at the date of this announcement. Condition (d) of the Offers was         
    therefore fulfilled on 21 April 2005.                                     
                                                                              
    The following table shows the shareholding structure of CCT Tech          
    (i) as at the date of this announcement; (ii) assuming those CCT          
    Tech Shares, of which valid acceptances under the Offers have been        
    received as at 4:00 p.m. on 21 April 2005, are transferred to the         
    Offeror as at the date of this announcement; and (iii) assuming           
    those CCT Tech Shares and CCT Tech 2005 CN, of which valid                
    acceptances under the Offers have been received as at 4:00 p.m.           
    on 21 April 2005, are transferred to the Offeror and after full           
    conversion of the CCT Tech 2005 CN and the CCT Tech 2008 CN as at         
    the date of this announcement:                                            
                                                                              
    (i) As at the date of this announcement                                   
                                                                              
    (ii) Assuming those CCT Tech Shares, of which valid acceptances           
    under the Offers have been received as at 4:00 p.m. on 21 April           
    2005, are transferred to the Offeror as at the date of this               
    announcement                                                              
                                                                              
    (iii) Assuming those CCT Tech Shares and CCT Tech 2005 CN, of which       
    valid acceptances under the Offers have been received as at 4:00          
    p.m. on                                                                   
                                                                              
    21 April 2005, are transferred to the Offeror and after full              
    conversion of the CCT Tech 2005 CN and the CCT Tech 2008 CN as at         
    the date of this announcement                                             
                                                                              
                                                                              
                                                                              
    Number of CCT Tech Shares                                                 
    %                                                                         
    Number of CCT Tech Shares                                                 
    %                                                                         
    Number of CCT Tech Shares                                                 
    %                                                                         
                                                                              
    The Offeror                                                               
    1,800,000,000                                                             
    11.30                                                                     
    9,417,603,244                                                             
    59.09                                                                     
    13,917,603,244                                                            
    21.62                                                                     
                                                                              
    CCT Assets Management Limited                                             
    1,350,000,000                                                             
    8.47                                                                      
    1,350,000,000                                                             
    8.47                                                                      
    1,350,000,000                                                             
    2.10                                                                      
                                                                              
    Expert Success International Limited                                      
    1,350,000,000                                                             
    8.47                                                                      
    1,350,000,000                                                             
    8.47                                                                      
    1,350,000,000                                                             
    2.10                                                                      
                                                                              
    Noble Team Investments Limited                                            
    1,000,000,000                                                             
    6.27                                                                      
    1,000,000,000                                                             
    6.27                                                                      
    44,928,571,428                                                            
    69.80