CCT Land : Voluntary Announcement

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00261)

VOLUNTARY ANNOUNCEMENT

This announcement is made by CCT Land Holdings Limited (the "Company") on a voluntary basis.

The board of directors of the Company (the "Board") was informed by CCT Fortis Holdings Limited ("CCT Fortis") on 3 January 2018 that CCT Fortis became interested, through its wholly-owned subsidiary, CCT Telecom Securities Limited ("CCT Securities"), in the beneficial interest in (i) an aggregate of 14,000,000,000 shares of the Company (the "Shares") (representing approximately 10.43% of the total number of issued Shares as at the date of this announcement); and (ii) three-year zero coupon convertible bonds issued by the Company on 7 December 2015 (the "Convertible Bonds") in the aggregate outstanding principal amount of HK$495,671,000, which are convertible at the conversion price of HK$0.01 per conversion Share (the "Conversion Share(s)") (subject to adjustments in accordance with the terms and conditions of the Convertible Bonds) into 49,567,100,000 Conversion Shares (representing approximately 26.96% of the total number of issued Shares as enlarged by the Conversion Shares). As such, CCT Fortis has become a substantial shareholder (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited) of the Company, with effect from the date of this announcement.

The Board does not expect that the above information relating to CCT Fortis having become a substantial shareholder of the Company will have any material adverse effect on the operations of the Company and its subsidiaries.

By order of the Board of

CCT LAND HOLDINGS LIMITED

Tam Ngai Hung, Terry

Director

Hong Kong, 3 January 2018

As at the date of this announcement, the executive directors of the Company are Mr. Mak Shiu Tong, Clement, Ms. Cheng Yuk Ching, Flora, Mr. Tam Ngai Hung, Terry and Ms. Lai Mei Kwan; the non-executive director of the Company is Mr. Tsui Wing Tak; and the independent non-executive directors of the Company are Mr. Chow Siu Ngor, Mr. Lau Ho Kit, Ivan and Mr. Tam King Ching, Kenny.