Established in 1992, City Telecom (H.K.) Limited (“CTI”) is an integrated telecommunications group principally engaged in the provision of international telecommunications and fixed network services. CTI was listed on the Hong Kong Stock Exchange (Stock Code: 1137) in August 1997 and dual listed on the Nasdaq National Market (Ticker Symbol: CTEL) in the USA in November 1999.

CTI successfully liberalized the monopolized telecommunications market in Hong Kong and launched its international telecommunications service in 1992. With aggressive marketing strategies and competitively-priced quality service, CTI established a large customer base for IDD1666 service, thus enabling CTI sustains to be one of the market leaders. In addition, CTI participated in the investment for construction of submarine cables, including Japan-US Cable to connect the US and Japan across the Pacific Ocean, as well as Asia Pacific Cable Network 2, connecting us to eight districts in Asia and allows direct connection with the major fixed network operators in China. These linkages demonstrate a true testimonial of our good voice quality.

Hong Kong Broadband Network Limited (“HKBN”), the wholly-owned subsidiary of CTI, has been aggressive in developing network infrastructure since the granting of Fixed Telecommunications Network Services license in 2000. In June 2002, HKBN successfully established the largest Metro Ethernet IP network in the world, and extended its network coverage to 1.2m homepass, representing 60% of the total number of households all over Hong Kong by the end of 2002. With the support of an advanced network platform, HKBN realized its target for “triple-play” strategy : delivering broadband Internet access, local telephony and pay-TV services, devoting to further develop the fixed telecom network business.

Riding on self-owned infrastructure and advanced technology, the Group targets to provide diversified telecommunications services to the public, and move towards the leadership position in the industry.