09:36     HUTCH TELECOM<02332> & HGC HOLDINGS<00757>-Ann. & Resumed-7         

    HGCH is a company incorporated in Bermuda with limited liability          
    and the HGCH Shares have been listed on the Main Board of the             
    Stock Exchange since 18 April 1995. The HGCH Group is one of              
    the leading providers of fixed telecommunications and IT                  
    solutions services in Hong Kong. HGCH is an integrated                    
    telecommunications and information technology company offering            
    a wide range of innovative and advanced telecommunications,               
    information technology and systems integration services.                  
    Services offered by HGCH include local voice, IDD, broadband              
    Internet, data centre facilities, IT solutions and various data           
    services to business and residential customers. HGCH provides             
    fixed line telecommunications services in Hong Kong under the             
    brands  and Hutchison Global Communications, and has an                   
    extensive fibre-optic building-to-building network capable of             
    providing voice and telecommunications services, with a coverage          
    of over 1.2 million households as of 31 December 2004. HGCH has           
    installed direct access connections to over 5,000 buildings and           
    has installed in-building wiring facilities in over 1,400                 
    buildings.                                                                
                                                                              
    A summary of the audited consolidated results of the HGCH Group           
    for each of the two years ended 31 December 2004 is set out below:        
                                                                              
            For the year ended 31 December                                    
            2004            2003                                              
                                                                              
            HK$ million                                                       
                                                                              
    Turnover        2,721           1,601                                     
    Operating profit        197             167                               
    Profit before tax       102             53                                
    Profit after tax but before minority interests  98              53        
    Profit attributable to shareholders     97              53                
                                                                              
    As at 31 December 2004, the audited consolidated net assets of            
    the HGCH Group were approximately HK$237 million, or                      
    approximately HK$0.034 per HGCH Share (based on 6,903,975,961             
    HGCH Shares in issue as at the Announcement Date).                        
                                                                              
    INFORMATION ON THE HTIL GROUP                                             
                                                                              
    HTIL is a company incorporated in the Cayman Islands with limited         
    liability. The HTIL Shares have been listed on the Main Board             
    of the Stock Exchange since 15 October 2004 and the HTIL ADSs             
    have been listed on the New York Stock Exchange, Inc. since 14            
    October 2004. The HTIL Group is a leading international provider          
    of mobile and, through HGCH, fixed line telecommunications                
    services, currently serving eight countries and territories:              
    Hong Kong, Macau, India, Israel, Thailand, Sri Lanka, Paraguay            
    and Ghana, with services intended to commence in Vietnam in late          
    2005. Additionally, in March 2005, HTIL announced that it had             
    reached agreement subject to satisfaction of certain conditions           
    precedent to acquire 60% of a holder of a nationwide licence              
    to provide mobile services in Indonesia. HTIL offers a wide               
    variety of telecommunications services ranging from basic voice           
    and data to multimedia services using state-of-the-art mobile             
    technology. In Hong Kong, through HGCH, HTIL also operates a              
    leading edge fixed line fibre-optic network.                              
                                                                              
    A summary of the audited consolidated results of the HTIL Group           
    for each of the two years ended 31 December 2004 (as if the HTIL          
    Group had been in existence throughout these two years) is set            
    out below:                                                                
                                                                              
            For the year ended 31 December                                    
            2004            2003                                              
                                                                              
            HK$ million