China Netcom Technology : FURTHER DELAY IN DESPATCH OF CIRCULAR

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.

FURTHER DELAY IN DESPATCH OF CIRCULAR

References are made to (i) the announcement jointly issued by China Netcom Technology Holdings Limited (the ''Company'') and 51RENPIN.COM INC. dated 24 April 2017 pursuant to Rule 3.5 of the Takeovers Code in respect of, among others, the Subscription, the Special Deal and the Specific Mandate (the ''Joint Announcement''); and (ii) the announcement of the Company dated 15 May 2017 in relation to the delay in despatch of a circular regarding the Subscription, the Special Deal and the Specific Mandate (the ''Announcement''). Capitalised terms used herein have the same meanings as those defined in the Joint Announcement unless the context otherwise requires.

As disclosed in the Announcement, a circular containing, among other things, (i) further details about the Subscription Agreement (including the Redemption); (ii) the recommendation letter from the Independent Board Committee to the Independent Shareholders in respect of the Subscription and the Special Deal; (iii) a letter from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders in respect of the Subscription and the Special Deal; and (iv) the notice of the EGM, is expected to be despatched to the Shareholders on or before 29 May 2017. However, as additional time is required for the preparation of the circular, the despatch date of the circular will be postponed to on or before 9 June 2017.

By order of the Board

China Netcom Technology Holdings Limited Leung Ngai Man

Chairman and Executive Director

Hong Kong, 29 May 2017

As at the date of this announcement, the executive Directors are Mr. Leung Ngai Man and Ms. Wu Wei Hua; and the independent non-executive Directors are Mr. Cai Wei Lun, Mr. Qi Ji and Ms. Xuan Hong.

This announcement, for which the Directors 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.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

This announcement will remain on the ''Latest Company Announcements'' page of the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company's website at www.chinanetcomtech.com.