10:43     CCT TELECOM<00138> & CCT TECH INT'L<00261> - J. Ann. (4)            

    After the transfer of the legal titles of an aggregate of                 
    7,641,710,244 CCT Tech Shares to the Offeror up to the date of this       
    announcement, 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.                             
                                                                              
    Upon completion of the transfer of legal titles of the remaining          
    265,469,452 CCT Tech Shares to the Offeror on 12 May 2005, the            
    Offeror, CCT Telecom and parties acting in concert with them              
    together will own 13,407,179,696 CCT Tech Shares, representing            
    approximately 84.12% of the issued share capital of CCT Tech as at        
    the date of this announcement.                                            
                                                                              
    In respect of the CCT Tech 2005 CN and the CCT Tech Options               
                                                                              
    As stated in the Unconditional Announcement, valid acceptances have       
    been received under the Offers in respect of all the outstanding          
    issued CCT Tech 2005 CN in the amount of HK$45,000,000 and all the        
    outstanding issued 1,082,781,000 CCT Tech Options as at the First         
    Closing Date.                                                             
                                                                              
    Legal titles of the CCT Tech 2005 CN in the amount of HK$45,000,000       
    were duly transferred to the Offeror and all the outstanding issued       
    1,082,781,000 CCT Tech Options were cancelled in accordance with          
    the terms of the Offers on 25 April 2005.                                 
                                                                              
    SHAREHOLDING AND DEALINGS BY THE OFFEROR AND PARTIES ACTING IN            
    CONCERT WITH IT DURING THE OFFER PERIOD                                   
                                                                              
    (i)   Shareholding of the Offeror and parties acting in concert           
    with it in CCT Tech as at the date of the Joint Announcement              
                                                                              
    As at the date of the Joint Announcement, (i) the Offeror held            
    1,800,000,000 CCT Tech Shares, representing approximately 11.29%          
    of the issued share capital of CCT Tech; (ii) the Offeror, together       
    with CCT Telecom and parties acting in concert with them, held an         
    aggregate of 5,500,000,000 CCT Tech Shares, representing                  
    approximately 34.51% of the issued share capital of CCT Tech; (iii)       
    CCT Telecom held the CCT Tech 2008 CN in the principal amount of          
    HK$615,000,000 through its wholly-owned subsidiary, Noble Team            
    Investments Limited, the full conversion of which would result in         
    the issue of 43,928,571,428 CCT Tech Shares, representing                 
    approximately 275.61% of the issued share capital of CCT Tech as          
    at the date of this announcement and approximately 73.38% of the          
    issued share capital of CCT Tech as enlarged thereby; (iv) New            
    Capital, a company wholly owned by Mr. Mak Shiu Tong, Clement (a          
    party presumed to be acting in concert with the Offeror) and his          
    family members, held the CCT Tech 2005 CN in the principal amount         
    of HK$45,000,000, 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 share capital of CCT Tech as at the date of          
    this announcement and approximately 22.02% of the issued share            
    capital of CCT Tech as enlarged thereby.                                  
                                                                              
    (ii)   Dealings by the Offeror and parties acting in concert with         
    it in the CCT Tech Shares and/or other securities in respect of the       
    CCT Tech Shares between the date of the Joint Announcement and the        
    date of this announcement                                                 
                                                                              
    Save for the valid acceptances and transfer of 7,907,179,696 CCT          
    Tech Shares and the CCT Tech 2005 CN in the amount of HK$45,000,000       
    to the Offeror and the valid acceptances and cancellation of the          
    CCT Tech Options pursuant to the terms of the Offers as disclosed         
    under the section headed ``Transfer of the CCT Tech Shares and the        
    CCT Tech 2005 CN and cancellation of the CCT Tech Options'' above,        
    the Offeror, CCT Telecom and parties acting in concert with them          
    have not dealt in any CCT Tech Shares, any CCT Tech Options or any        
    other convertible securities, warrants, options or derivatives in         
    respect of the CCT Tech Shares throughout the period between the          
    date of the Joint Announcement up to the date of this announcement.       
                                                                              
    (iii)   Shareholding of the Offeror and parties acting in concert         
    with it in CCT Tech as at the date of this announcement