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.
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

DESPATCH OF CIRCULAR IN RELATION TO (1) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; (2) PROPOSED OPEN OFFER ON THE BASIS OF TWO OFFER SHARES FOR EVERY ONE SHARE HELD ON THE RECORD DATE; (3) APPLICATION FOR WHITEWASH WAIVER; AND (4) NOTICE OF EXTRAORDINARY GENERAL MEETING

Reference is made to the announcement of China Information Technology Development Limited ("Company") dated 28 November 2013 in relation to, among other things, the Open Offer, the Underwriting Agreement and the Whitewash Waiver and the subsequent announcement of the Company dated 18 December 2013 in relation to, among other things, the delay in despatch of the Circular ("Announcements"). Unless otherwise stated, capitalised terms used herein shall bear the same meanings as defined in the Announcements.

DESPATCH OF THE CIRCULAR

The circular of the Company (the "Circular") containing, among other things, (i) further details about the proposed increase in the authorised share capital, the Open Offer, the Underwriting Agreement and the Whitewash Waiver; (ii) a letter of recommendation from the Independent Board Committee to the Independent Shareholders in respect of the Open Offer, the Underwriting Agreement and the Whitewash Waiver; (iii) a letter of advice from Nuada Limited to the Independent Board Committee and the Independent Shareholders in respect of the Open Offer, the Underwriting Agreement and the Whitewash Waiver; (iv) the financial information and other general information of the Group; and (v) the notice convening the EGM, was despatched to the Shareholders on 10

January 2014.

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WARNING OF THE RISK OF DEALING IN THE SHARES Shareholders and potential investors should note that the Open Offer is conditional upon the satisfaction of the conditions set out in the section headed "Conditions of the Underwriting Agreement" in accordance with terms of the Underwriting Agreement set out in the Circular. Accordingly, the Open Offer may or may not proceed. Shareholders and potential investors should exercise caution when dealing in the Shares, and if they are in any doubt about their position, they should consult their professional advisers. Shareholders and potential investors should note that the Shares are expected to be dealt in on an ex-entitlement basis commencing from Wednesday, 29 January 2014 and that dealings in Shares will take place while the conditions to which the Open Offer is subject remain unfulfilled. Any Shareholder or other person dealing in the Shares up to the date on which all conditions to which the Open Offer is subject are fulfilled (which is expected to be on 4:00 p.m. on Tuesday, 4 March 2014), will accordingly bear the risk that the Open Offer cannot become unconditional and may not proceed. Any Shareholder or other person contemplating selling or purchasing the Shares, who is in any doubt about his/her/its position, is recommended to consult his/her/its own professional adviser.

By order of the Board

China Information Technology Development Limited Hu Zhuoer

Executive Director and Chief Executive Officer

Hong Kong, 10 January 2014

As at the date of this announcement, the Board comprises Mr. Hu Zhuoer (Chief Executive Officer) and Mr. Tse Chi Wai as executive Directors; Mr. Ng Kwok Fai, Dr. Sun Guofu and Mr. Chen Zhongfa as independent non-executive Directors.
This announcement, for which the Directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.
This announcement will be available on the Company's website http://www.chinainfotech.com.hk and will remain on the "Latest Company Announcement" page on the GEM website at http://www.hkgem.com for at least 7 days from the date of its posting.

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