09:52     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)                                                         
                                                                              
    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)                                                       
                                                                              
    WAIVER OF RESTORATION OF PUBLIC FLOAT                                     
                                                                              
    As stated in the Unconditional Announcement, after taken into             
    account the valid acceptances received under the Offers in respect        
    of the 7,617,603,244 CCT Tech Shares as at 4:00 p.m. on 21 April          
    2005, the Offeror, CCT Telecom and parties acting in concert with         
    them will be interested in an aggregate of 13,117,603,244 CCT Tech        
    Shares, representing approximately 82.30% of the issued share             
    capital of CCT Tech and only approximately 17.70% interest in CCT         
    Tech will be held by the public. As the transfer of the Relevant          
    CCT Tech Shares is expected to take effect on or about 25 April 2005,     
    the public float of CCT Tech will fall below 25% on or about the          
    same date.                                                                
                                                                              
    Pursuant to Rule 8.08 of the Listing Rules, at least 25% of the           
    issuer's total issued share capital must at all times be held by          
    the public. Application has been made jointly by the Offeror, CCT         
    Telecom and CCT Tech to the Stock Exchange for a waiver from strict       
    compliance with Rule 8.08 of the Listing Rules on the 25% minimum         
    public float requirement for a period of one month from 25 April          
    2005, being the date of completion of transfer of legal titles of         
    the Relevant CCT Tech Shares.                                             
                                                                              
    As stated in the Composite Offer Document, the Offeror and CCT            
    Telecom intend to effect the compulsory acquisition of CCT Tech in        
    the event that the Offeror is permitted to do so under the Companies      
    Act and the Takeovers Code, and to apply for the delisting of CCT         
    Tech. Further announcement will be made as and when necessary.            
                                                                              
    Shareholders of CCT Telecom and CCT Tech and potential investors          
    should exercise caution when dealing in the securities of CCT Telecom     
    and CCT Tech.                                                             
                                                                              
    Reference are made to the composite offer and response document           
    (``Composite Offer Document'') and the announcement                       
    (``Unconditional Announcement'') jointly issued by CCT Telecom            
    Holdings Limited and CCT Tech International Limited on 31 March 2005      
    and 21 April 2005, respectively. Terms defined in the Composite Offer     
    Document shall have the same meanings when used herein, unless            
    otherwise stated.