Placing of New Shares under General Mandate and Resumption of Trading

On 1 December 2008, Kingston Securities Limited and the Company entered into a placing agreement pursuant to which the Company has conditionally agreed to place, through Kingston Securities Limited on a fully underwritten basis, in aggregate of 470,024,427 placing shares to not fewer than six Placees who and whose ultimate beneficial owners will not be connected persons (as defined in the Listing Rules) of the Company and its connected persons (as defined in the Listing Rules). The maximum number of 470,024,427 placing shares under the placing represent approximately 19.99% of the existing issued share capital of the Company of 2,350,475,573 Shares as at the date of this announcement and approximately 16.66% of the Company's issued share capital of 2,820,500,000 Shares as enlarged by the placing. The maximum aggregate nominal value of the placing shares under the placing will be HK$4,700,244. The placing price of HK$0.042 represents a discount of approximately 19.23% to the benchmarked price of the Shares, which is the higher of (i) the closing price of HK$0.052 as quoted on the Stock Exchange on 28 November 2008, being the last trading day immediately prior to the entering of the placing agreement; and (ii) the average closing price of HK$0.049 in the last 5 trading days prior to the date of the placing agreement. The placing price of HK$0.042 also represents a discount of 16.33% to the average closing price of HK$0.0502 in the last 10 trading days prior to the date of the Placing Agreement. 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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