Comba Telecom Systems Holdings Limited — Capital/Financing Update 2008

Aug 7, 2008

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(incorporated in Bermuda with limited liability)

(stock code: 1003)

MONTHLY ANNOUNCEMENT IN RESPECT OF OUTSTANDING CONVERTIBLE NOTES

Reference is made to the Circular in relation to, among others, the Acquisition and the issue of the Vendor CN(s). Completion of the Acquisition took place on 23 July 2008 and accordingly the Vendor CN in the principal amount of HK$130,000,000 was issued to satisfy part of the Consideration.

The Board reports that no conversion of the Vendor CN were made during the period from 23 July 2008 (date of issue of the Vendor CN) to 31 July 2008.

Reference is made to the circular of GFT Holdings Limited (the “Company”) dated 28 June 2008 in relation to, among others, the Acquisition and the issue of the Vendor CN(s) (the “Circular”). This announcement is made pursuant to the paragraph under the heading “Dilution Effect On Shareholding” of the Circular and the conditions of the listing approval granted by the Stock Exchange in respect of the Vendor CN Conversion Shares. Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Circular.

Completion of the Acquisition took place on 23 July 2008 and accordingly the Vendor CN in the principal amount of HK$130,000,000 was issued to satisfy part of the Consideration.

The Board is pleased to report that:-

• (i) no conversion of the Vendor CN were made during the period from 23 July 2008 (date of issue of the Vendor CN) to 31 July 2008;

• (ii) the outstanding principal amount of the Vendor CN as at 31 July 2008 was HK$130,000,000;

• (iii) no new Shares were issued pursuant to other transaction during the month of July 2008; and

• (iv) the issued share capital of the Company as at 1 July 2008 was HK$156,455,760 divided into 6,258,230,400 ordinary shares of HK$0.025 each. Upon the Share Consolidation

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became effective on 15 July 2008, the issued share capital of the Company became HK$156,455,760 divided into 1,251,646,080 ordinary shares of HK$0.125 each and remained the same as at 31 July 2008.

By Order of the Board GFT Holdings Limited Lau Siu Mui Company Secretary

Hong Kong, 7 August 2008

As at the date of this announcement, the Board comprises Mr. Ha Kee Choy, Eugene, Ms. Ma Wai Man, Catherine and Mr. Ng Kai Man as executive directors; and Mr. Cheng Yuk Wo, Mr. Chui Chi Yun, Robert and Ms. Leung Sau Fan, Sylvia as independent non-executive directors.

* for identification purpose only

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