Computer And Technologies Holdings Limited — Board/Management Information 2006

Jul 26, 2006

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CHINA AEROSPACE INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 31)

APPOINTMENT AND RESIGNATION OF DIRECTORS

The Board announces that, with effect from 25 July 2006, Mr. Ma Xingrui has been appointed as the Chairman and the Non-executive Director of the Company. Mr. Xu Jianhua has been appointed as Non-executive Director and Vice President of the Company, Mr. Rui Xiaowu resigned as Non-executive Director and Chairman of the Company due to his career advancement.

The board of directors (the “Board”) of China Aerospace International Holdings Limited (the “Company”) announces that, with effect from 25 July 2006, Mr. Ma Xingrui has been appointed the Chairman and Non-executive Director of the Company. Mr. Xu Jianhua has been appointed as Non-executive Director and Vice President of the Company. Mr. Rui Xiaowu resigned as Non-executive Director and Chairman of the Company due to his career advancement.

Mr. Ma Xingrui, aged 46, PhD, professor and doctorate student supervisor. Mr. Ma graduated from Liaoning Engineering Technology University with a bachelor’s degree in Engineering Mechanics in July 1982. From July 1982 to April 1985, he was a postgraduate research fellow studying Mechanics at Tianjin University. From April 1985 to March 1988, he was a doctorate student majoring in mechanics at Harbin Institute of Technology. He became a lecturer in the School of Astronautics of Harbin Institute of Technology after graduation. In May 1989, he was appointed as the Deputy Head of Spatial Science and Technology Department of the School of Astronautics of Harbin Institute of Technology. He was appraised as Professor in November 1991 and was appointed as the Deputy Head in April 1992 and subsequently the Head of the Astronautic Engineering and Mechanics Department of Harbin Institute of Technology in December 1992. In October 1993, he was qualified as postgraduate supervisor on Mechanics of Harbin Institute of Technology. In January 1995, he was appointed as the Associate Dean and Department Head of the School of Astronautics of Harbin Institute of Technology. From July 1995, he was appointed as the Associate Dean of the School of Astronautics of Harbin Institute of Technology. In March 1996, he became the Vice President of Harbin Institute of Technology. In May 1996, he was appointed as the Deputy Director of the Fifth Research Centre of China Aerospace Corporation (“CAC”) and was the chief architect and chief commander of a series of satellites. Since September 1999, he has been the Deputy General Manager of CAC, in charge of group strategy, technological development, astronautics engineering, investment construction, corporate planning and civil industry development. In 1994, he was awarded the “Special Subsidy” by the State Council. He was nominated as the candidate for the firstand second-level of “National Hundred, Thousand, and Ten Thousand Talent Project” in 1995 and was appraised as state-level middle-aged youth specialist with outstanding contribution in 1996. Mr. Ma has extensive knowledge on scientific technology, and broad experiences in systems engineering management and corporate management.

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Mr. Xu Jianhua, aged 38, senior economist, Mr. Xu graduated from the China University of Political Science and Law with a bachelor’s degree in Law in 1992 and was qualified as a lawyer in the PRC in 1994. In 2005, Mr. Xu graduated from Beijing University of Aeronautics & Astronautics with a master degree in Business Administration. He joined the 707 Research Institute of the former Ministry of Aerospace Industry of China, serving successively as Deputy Director of Payroll Benefits Division of Human Resources Department and the Head of the Administration and Human Resources Department of CAC, and the Director and Deputy General Director of Human Resources Department of China Aerospace Science & Technology Corporation, and Director of China Spacesat Technology Co., Ltd. In March 2003, he was appointed as Director and Deputy General Manager of CASIL Telecommunications (Shenzhen) Co., Ltd. He was a Director of CASIL Telecommunications Holdings Limited (1185) from 11 March 2004 to 14 February 2006, which is a listed company in the Stock Exchange of Hong Kong.

Save as disclosed above, neither Mr. Ma Xingrui nor Mr. Xu Jianhua has held any directorships in any listed public companies in Hong Kong in the last three years, both of them have not held any positions in the Company’s subsidiaries or associate companies. In accordance with the Company’s Articles of Association, Mr. Ma and Mr. Xu will hold office until the annual general meeting to be held in 2007 and will then be eligible for re-election. As of the date of this announcement, neither Mr. Ma nor Mr. Xu has entered into any service contract with the Company nor is there any proposed length of service determined with the Company in respect of their appointments. Mr. Ma’s and Mr. Xu’s emolument will be determined by the Board by reference to the prevailing market condition, remuneration policy and the performance of the Company. Mr. Ma and Mr. Xu do not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. They are not connected with any director, senior management, substantial or controlling shareholders of the Company.

Mr. Rui Xiaowu has confirmed with the Company that he has no disagreement with the Board and there is no other matters relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

The Board has confirmed that there is no other matters regarding the above 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. Ma Xingrui and Mr. Xu Jianhua in joining the Board of the Company and its appreciation to Mr. Rui Xiaowu for his valuable contribution to the Company during his tenure of service.

By Order of the Board of CHINA AEROSPACE INTERNATIONAL HOLDINGS LIMITED Mui Chok Wah Company Secretary

Hong Kong, 25 July 2006

As at the date of this announcement, the board of directors of the Company comprises Messrs. Zhao Liqiang, Zhou Qingquan, Zhao Yuanchang, Wu Hongju and Guo Xianpeng as executive directors, Messrs. Ma Xingrui(Chairman), Gong Bo, Chen Dingyi, Chan Ching Har, Eliza, Wang Yujun and Xu Jianhua as non-executive directors, Messrs. Lee Hung Sang, Chow Chan Lum, Charles and Luo Zhenbang as independent non-executive directors.

“Please also refer to the published version of this announcement in The Standard”

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