Proposed Issue of Unlisted Warrants and Resumption of Trading

The Company entered into the Subscription Agreement with the Subscriber on 10 January 2008 after trading hour, pursuant to which the Company agreed to issue and the Subscriber agreed to subscribe for the Warrants. The Warrants entitle the holder thereof the rights to subscribe for up to 460,000,000 New Shares (representing 19.57 % of the existing issued share capital of the Company) at the Subscription Price of HK$0.345 per New Share at any time during a period of 24 months commencing from the date of issue of the Warrants. The New Shares will be issued under the General Mandate. At the request of the Company, trading in the Shares on the Stock Exchange was suspended with effect from 9:30 am on 11 January 2008. Application has been made by the Company to the Stock Exchange for the resumption of trading in the Shares on the Stock Exchange with effect from 9:30 am on 15 January 2008. For details, please refer to the announcement published under the section of Investor Relations. For media enquiries, please contact: China Motion Telecom International Limited Cigi Kwok Tel : (852) 2209-2873 Fax : (852) 2209-1873 Email : cigi.kwok@chinamotion.com Address: Room 2604-08, 26/F., Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong

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