10:54     CHENGDU PUTIAN<01202> - Announcement (3)                            

    For the purposes of this announcement, capitalised terms appearing        
    herein shall, unless the context otherwise admits, have the meanings      
    set out below:                                                            
                                                                              
    "Board" the board of Directors                                            
                                                                              
    "Chengdu MCIL" Chengdu MCIL Cable Radio Communications Cable Co., Ltd     
    *, a sino-foreign joint venture company                                   
    established in the PRC on 8 February 1999, of which the Company owns      
    70% of its equity interest as at the date of the Sale and Purchase        
    Agreement                                                                 
                                                                              
    "Company" Chengdu PUTIAN Telecommunications Cable Company Limited*, a     
    sino-foreign joint stock limited company                                  
    established in the PRC on 1 October 1994, the H shares of which are       
    listed on the Stock Exchange                                              
                                                                              
    "Directors" the directors of the Company                                  
                                                                              
    "HK$" Hong Kong dollars, the lawful currency of Hong Kong                 
                                                                              
    "Hong Kong" the Hong Kong Special Administrative Region of the PRC        
                                                                              
    "Listing Rules" Rules Governing the Listing of Securities on the Stock    
    Exchange                                                                  
                                                                              
    "MCIL" Mitsubishi Cable Industries, Ltd., a company incorporated in       
    Japan on 28 June 1917, the shares of which are listed on the Tokyo        
    Stock Exchange                                                            
                                                                              
    "PRC" the People's Republic of China                                      
                                                                              
    "RMB" Renminbi, the lawful currency of the PRC                            
                                                                              
    "Sale and Purchase the sale and purchase agreement dated 12 May 2005      
    entered into between MCIL,                                                
    Agreement" Shuangliu and the Company in respect of the sale and           
    purchase of 30% of the equity interest of Chengdu MCIL                    
                                                                              
    "Shuangliu" Chengdu Cable Plant of the Ministry of Posts and              
    Telecommunications Shuangliu Heat Shrinkable Products Sub-Plant*, a co-   
    operative joint venture established in                                    
    the PRC on 26 November 1985 and is owned as to 66.67% by the Company      
    and 33.33% by Jindu Village, Baijia Town, Shuangliu County, Chengdu,      
    the PRC as at the date of the Sale and Purchase Agreement                 
                                                                              
    "Stock Exchange" The Stock Exchange of Hong Kong Limited                  
                                                                              
    "%" per cent                                                              
                                                                              
    By order of the Board                                                     
    Chengdu PUTIAN Telecommunications                                         
    Cable Company Limited                                                     
    Xu Mingwen                                                                
    Chairman                                                                  
                                                                              
    Chengdu, the PRC, 12 May 2005                                             
                                                                              
    As at the date of this announcement, the board of Directors comprises     
    nine members:                                                             
    Mr. Xu Mingwen as chairman; Mr. Kuo Aicheng, Mr Wang Zhongfu, Mr. Bao     
    Yuhong, Mr. Zhang Zhongqi and Mr Fan Xianda as executive Directors;       
    and Ms. Chen Po Sum, Mr. Sun Jiayuan and Mr. Wu Zhengde as independent    
    non-executive Directors.                                                  
                                                                              
    * For the Chinese name, please refer to the press announcement today.