Computer And Technologies Holdings Limited — Capital/Financing Update 2005

Jul 11, 2005

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representations as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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CHINA AEROSPACE INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 31)

ANNOUNCEMENT COMPLETION OF DISCLOSABLE TRANSACTION

The Board of the Company announces that the Disposal has been duly completed on 10 July 2005. Upon completion of the Disposal, the Company will cease to have any direct or indirect interest in CASIL Telecommunications Holdings Limited.

References are made to the announcements of China Aerospace International Holdings Limited (the "Company") dated 24 January 2005 and 15 March 2005 and the circular to its shareholders dated 15 February 2005 (the "Circular") regarding the disposal of the shareholding of Astrotech Group Limited and its shareholder's loan by the Company. Terms used herein shall have the same meanings as defined in the Circular, unless otherwise stated.

The Board of Directors of the Company announces that the Disposal has been duly completed on 10 July 2005. Upon completion of the Disposal, the Company will cease to have any direct or indirect interest in CASIL Telecommunications Holdings Limited.

CASIL Telecommunications Holdings Limited is a company incorporated in Cayman Islands with limited liability, the shares of which are listed on the Stock Exchange (stock code: 1185).

By order of the Board

Rui Xiaowu

Chairman

Hong Kong, 11 July 2005

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

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