09:12 TCL COMM<02618> - Announcement 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. TCL Communication Technology Holdings Limited (Stock Code: 2618) DISCLOSURE PURSUANT TO RULE 13.13 OF THE LISTING RULES This announcement is made pursuant to Rule 13.13 of the Listing Rules to disclose details of the relevant advance to an entity by the Group which exceeded 8% of the Company's Market Capitalization. This announcement is made by TCL Communication Technology Holdings Limited (``Company'', together with its subsidiaries, ``Group''), in compliance with Rule 13.13 of the Rules Governing the Listing of Securities (``Listing Rules'') on the Stock Exchange of Hong Kong Limited (``Stock Exchange''). As at 3 May 2005, there were 2,827,500,000 shares of the Company (each a ``Share'') in issue. Based on the average closing price of HK$0.466 per Share for the 5 business days immediately preceding 3 May 2005, the market capitalization of the Company (``Market Capitalization'') was approximately HK$1,317,615,000 as at 3 May 2005. According to the latest management accounts of the Group as at 31 March 2005, the trade receivable (``Trade Receivable'') from Pegaso PCS SA de C.V. (``Customer'') amounted to approximately HK$112 million which exceeded 8% of the Market Capitalization. The Customer and its ultimate beneficial owner(s) are independent third parties not connected with any director, chief executive, substantial shareholder of the Company or any of its subsidiaries or an associate of any of them. The Trade Receivable which was unsecured and interest free with average payment terms of 30 days, resulted from the sales of mobile handsets to the Customer by the Group in the Group's ordinary course of business. As at the date hereof, the board of directors of the Company comprises Messrs. Li Dong Sheng, Yuan Xin Cheng, Wan Mingjian, Wong Toe Yeung, Yan Yong, Vincent, Du Xiaopeng, Simon and Guo Aiping, George as executive directors and Messrs. Shi Cuiming, Wang Chongju and Lau Siu Ki, Kevin as independent non-executive directors. On behalf of the Board Li Dong Sheng Chairman Hong Kong, 3 May 2005