Computer And Technologies Holdings Limited — Board/Management Information 2005

Jun 28, 2005

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CHINA AEROSPACE INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 31)

RE-DESIGNATION, APPOINTMENT & RESIGNATION OF DIRECTORS

The Board of Directors (the “Board”) is pleased to announce that, with effect from 28 June 2005, Mr. Rui Xiaowu, an Executive Director and the Chairman, is re-designated as Non-Executive Director, Mr. Gong Bo is appointed as Non-Executive Director, Mr. Wang Yujun is appointed as Non-Executive Director and member of Audit Committee of the Company, Mr. Li Jinsheng resigned as Non-Executive Director and Mr. Xu Shilong resigned as Non-Executive Director and member of Audit Committee of the Company.

Mr. Rui Xiaowu, aged 46, a Research Fellow, is the Chairman of the Company. He is a graduate of master’s degree in computer application at the Science & Technology University for National Defence of China. He joined the 710 Research Institute of the former Ministry of Aerospace Industry of China in 1982, serving successively as Engineer, Division Director of the Business Marketing Division, and General Manager of Beijing Aerospace Hi-Tech Development Center. In the former China Aerospace Corporation, he held the posts of Vice President, then President of the 710 Research Institute, Council Member of China Aerospace Society, Vice Chairman of SinoSat Telecommunication Company, as well as Chairman of China Aerospace Satellite Holding Company Corporation. During the time, he was dispatched to Japan for advanced professional studies in the CRC Institute for two years. In his career in China Aerospace Science & Technology Corporation, he was appointed as Business Assistant to President and Director General of the Business Planning & Marketing Department in April 2000, Business Assistant to President and Director General of the Marketing Department in July 2000, Assistant to President in January 2002 and Deputy General Manager in February 2005. Throughout the years, he has attained extensive professional experience in researching, marketing, capital operation and corporate management. He was appointed as Non-Executive Director of the Company in April 2000, as Executive Director, Chairman of the Company and President of the Group in September 2002 and resigned from the office of President in September 2004.

Mr. Gong Bo, aged 39, a Senior Engineer, graduated from the Beijing Polytechnic University. He joined the China Academy of Launch Vehicle Technology in 1987, serving as Deputy Division Director, Deputy Director General of Quality & Technology Department, Deputy Director General and Director General of Quality Control & Supervision Department, Director General of Aerospace System Engineering Department of China Aerospace Science & Technology Corporation. Since 2004, Mr. Gong has been serving the Director General of Business Investment Department of China Aerospace Science & Technology Corporation. Mr. Gong is a candidate of Executive MBA of the University of Texas at Arlington.

Mr. Wang Yujun, aged 41, a Senior Accountant, is a master graduate in Accounting at Northeastern University of Finance and Accounting. He joined the Ministry of Aerospace Industry of China and Aviation & Aerospace Department in 1985, serving as Section Supervisor in the Finance Bureau, then Deputy Division Director of Foreign Economic & Finance Division of the Finance Bureau of China Aerospace Corporation, Division Director of State-owned Assets Management Division of Finance Department of China Aerospace Science & Technology Corporation. In July 2001, he joined the Company serving as General Manager of the Finance Department of the Company and in October 2003, he was appointed as Assistant to President of the Company. Throughout the years, he has attained extensive experience in corporate financial management.

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As of the date of this announcement, Mr. Rui Xiaowu, Mr. Gong Bo and Mr. Wang Yujun are not interested in and do not hold any short position in any share or underlying share in or any debenture of the Company or any of its associated companies within the meaning of Part XV of the Securities and Futures Ordinance. Mr. Rui Xiaowu, Mr. Gong Bo and Mr. Wang Yujun have no relationships with any director, senior management or substantial or controlling shareholder of the Company (as defined in the Listing Rules). The amount of the director’s fee and the annual bonus of Mr. Rui Xiaowu, Mr. Gong Bo and Mr. Wang Yujun will be determined by the Board from time to time with reference to his scope of duties and performance. There is no service contract between the Company and Mr. Rui Xiaowu, Mr. Gong Bo and Mr. Wang Yujun respectively but there is a fixed term of two years for their appointments and they are subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Articles of the Company. Save as the directorship of the Company, Mr. Rui Xiaowu also has a directorship in CASIL Telecommunications Holdings Limited, the shares of which are listed on The Stock Exchange of Hong Kong Limited, during the past three years. Mr. Gong Bo and Mr. Wang Yujun do not hold any directorship in any other companies listed on The Stock Exchange of Hong Kong Limited in the past three years.

The Board has confirmed that there is no other matter regarding the above re-designation, appointment and resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to extend a warm welcome to Mr. Gong Bo and Mr. Wang Yujun in joining the Board of the Company and its appreciation to Mr. Li Jinsheng and Mr. Xu Shilong for the valuable contributions to the Company during their tenure of services.

As of the date of this announcement, the Board of Directors of the Company comprises:

Executive Directors Non-Executive Directors Independent Non-Executive Directors Mr. Zhao Liqiang Mr. Rui Xiaowu (Chairman) Mr. Lee Hung Sang Mr. Zhou Qingquan Mr. Gong Bo Mr. Chow Chan Lum, Charles Mr. Zhao Yuanchang Mr. Chen Dingyi Mr. Luo Zhenbang Mr. Wu Hongju Ms. Chan Ching Har, Eliza Mr. Guo Xianpeng Mr. Wang Yujun

By order of the Board Rui Xiaowu Chairman

Hong Kong, 28 June 2005

“Please also refer to the published version of this announcement in China Daily”

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