10:42     CCT TELECOM<00138> & CCT TECH INT'L<00261> - J. 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)                                                         
                                                                              
    CLOSING OF THE OFFERS                                                     
                                                                              
    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 the convertible note 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)                                                       
                                                                              
    CLOSING OF THE OFFERS                                                     
                                                                              
    The board of directors of CCT Telecom announces that the Offers were      
    closed at 4:00 p.m. on 6 May 2005.                                        
                                                                              
    ACCEPTANCE LEVEL OF THE OFFERS                                            
                                                                              
    Up to 4:00 p.m. on 6 May 2005, valid acceptances have been received       
    under the Offers in respect of:                                           
                                                                              
    .   7,907,179,696 CCT Tech Shares (representing approximately             
    49.61% of the issued share capital of CCT Tech as at the date of          
    this announcement);                                                       
                                                                              
    .   the CCT Tech 2005 CN in the amount of HK$45,000,000                   
    (representing all the outstanding issued CCT Tech 2005 CN, the full       
    conversion of which would result in the issue of 4,500,000,000 CCT        
    Tech Shares, representing approximately 28.23% of the issued              
    capital of CCT Tech as at the date of this announcement and               
    approximately 22.02% of the issued capital of CCT Tech as enlarged        
    thereby); and                                                             
                                                                              
    .   1,082,781,000 CCT Tech Options (representing all the                  
    outstanding issued CCT Tech Options as at the date of the                 
    Unconditional Announcement).                                              
                                                                              
    TRANSFER OF THE CCT TECH SHARES AND THE CCT TECH 2005 CN AND              
    CANCELLATION OF THE CCT TECH OPTIONS                                      
                                                                              
    Among the valid acceptances of 7,907,179,696 CCT Tech Shares              
    received under the Offers up to 4:00 p.m. on 6 May 2005, legal titles     
    of an aggregate of 7,641,710,244 CCT Tech Shares were duly                
    transferred to the Offeror on or before 6 May 2005. Taking into           
    account the transfer of 7,641,710,244 CCT Tech Shares, the Offeror,       
    CCT Telecom and parties acting in concert with them together own          
    13,141,710,244 CCT Tech Shares, representing approximately 82.45%         
    of the issued share capital of CCT Tech as at the date of this            
    announcement. Legal titles of the remaining 265,469,452 CCT Tech          
    Shares, of which valid acceptances were received from 4 May 2005          
    and up to 4:00 p.m. on 6 May 2005, will be transferred to the Offeror     
    on 12 May 2005.