09:29     CAPINFO<08157> - Announcement (1)                                   

                                                                              
    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcements,                    
    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 announcements.                        
                                                                              
    Capinfo company Limited*                                                  
    (A joint stock limited company incorporated in the                        
    People's Republic of China with limited liability)                        
    (Stock Code: 8157)                                                        
                                                                              
    CONTINUING CONNECTED TRANSACTIONS IN RELATION TO                          
    DEDICATED CIRCUIT LEASING SERVICE                                         
                                                                              
    BCC provided DCLS to the Company pursuant to DCLS Original                
    Agreement (as extended by DCLS Renewal Agreement I, DCLS                  
    Renewal Agreement II and DCLS Renewal Agreement III), the                 
    term of which will expire on 30 June 2005. The Company                    
    has entered into the DCLS Renewal Agreement IV dated 21                   
    April 2005 with BCC, pursuant to which the term of the                    
    DCLS Original Agreement will be extended to 30 June 2006.                 
                                                                              
    The DCLS Renewal Agreement IV is conditional and shall                    
    only be effective upon the passing of an ordinary                         
    resolution by the Independent Shareholder at the                          
    Extraordinary General Meeting approving the terms of the                  
    DCLS Renewal Agreement IV and the proposed caps of the                    
    DCLS Transaction.                                                         
                                                                              
    BCC holds 80% interest in one of the promoters of the                     
    Company, Beijing Telecommunication Investments Co., Ltd.                  
    thus a connected person (as defined under the GEM Listing                 
    Rules) of the Company. Accordingly, the DCLS Transaction                  
    under the DCLS Renewal Agreement IV will constitute a                     
    continuing connected transaction under the GEM Listing                    
    Rules. As the relevant percentage ratio(s) (defined under                 
    Chapter 20 of the GEM Listing Rules) of the proposed caps                 
    of the DCLS Transaction in aggregate is on an annual basis                
    more than 2.5% and the annual consideration is more than                  
    HK$10,000,000, it will be subject to the reporting,                       
    announcement and shareholders' approval requirements                      
    under the GEM Listing Rules.                                              
                                                                              
    A circular containing, among other things, details of the                 
    DCLS Transaction, the recommendations from the                            
    Independent Board Committee and the advice of the                         
    independent financial adviser to the Independent Board                    
    Committee together with a notice convening the                            
    Extraordinary General Meeting will be dispatched to the                   
    shareholders of the Company as soon as practicable and                    
    in any event within 21 days after publication of this                     
    announcement.                                                             
                                                                              
    By Order of the Board                                                     
    Dr. CHEN Xinxinag                                                         
    Chairman                                                                  
                                                                              
    Beijing, The People's Republic of China                                   
    26 April 2005                                                             
                                                                              
    This announcement, for which the Directors collectively                   
    and individually accept full responsibility, includes                     
    particulars given in compliance with the GEM Listing Rules                
    for the purpose of giving information with regard to the                  
    Company. The Directors, having made all reasonable                        
    enquiries, confirm that, to the best of their knowledge                   
    and belief:- (i) the information contained in this                        
    announcement is accurate and complete in all material                     
    respects and not