Computer And Technologies Holdings Limited — Share Issue/Capital Change 2005

Nov 11, 2005

H.C.M.P. No.1938 of 2005

IN THE HIGH COURT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE HIGH COURT MISCELLANEOUS PROCEEDINGS H.C.M.P. NO. 1938 OF 2005

IN THE MATTER OF CHINA AEROSPACE INTERNATIONAL HOLDINGS LIMITED （航天科技國際集團有限公司）

and

IN THE MATTER OF THE COMPANIES ORDINANCE (CHAPTER 32)

NOTICE IS HEREBY GIVEN that the Order of the High Court of the Hong Kong Special Administrative Region dated the 1st day of November, 2005 confirming the reduction of the capital of the above-named Company from HK$10,000,000,000 divided into 10,000,000,000 shares of HK$1.00 each (of which 2,142,419,902 shares had been issued and were fully paid or credited as fully paid) to HK$1,000,000,000 divided into 10,000,000,000 shares of HK$0.10 each and the cancellation of the share premium account of the Company which balance was HK$939,048,331.50 as at the effective date of the reduction of capital and that the Minute approved by the Court showing with respect to the capital of the Company as altered the several particulars required by the above mentioned Ordinance were registered by the Companies Registry on the 7th day of November, 2005.

The Minute is in the words and figures following:

The capital of China Aerospace International Holdings Limited (航天科技國際集團有限公司 ) (the “Company”) was by virtue of a Special Resolution of the Company and with the sanction of an Order of the High Court reduced from HK$10,000,000,000 divided into 10,000,000,000 shares of HK$1.00 each (of which 2,142,419,902 shares had been issued and were fully paid or credited as fully paid) to HK$1,000,000,000 divided into 10,000,000,000 shares of HK$0.10 each. An Ordinary Resolution of the Company further provides that forthwith upon such reduction of capital taking effect, the authorised capital of the Company be increased from HK$1,000,000,000 to HK$10,000,000,000 by the creation of an additional 90,000,000,000 shares of HK$0.10 each. The Special Resolution further provides for the cancellation of the share premium account of the Company which balance was HK$939,048,331.50 as at the effective date of the Reduction of Capital.

The capital of the Company is accordingly on the registration of the Minute HK$10,000,000,000 divided into 100,000,000,000 shares of HK$0.10 each of which 2,142,419,902 shares have been issued and are fully paid or credited as fully paid and the remainder are unissued.

Dated the 10th day of November, 2005.

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RICHARDS BUTLER 20th Floor, Alexandra House, 16-20 Chater Road, Hong Kong.

Solicitors for the above-named

China Aerospace International Holdings Limited （航天科技國際集團有限公司）

“Please also refer to the published version of this announcement in South China Morning Post”

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