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.

Asia Tele-Net and Technology Corporation Limited

(Incorporated in Bermuda with limited liability) (Stock Code: 679)

VERY SUBSTANTIAL DISPOSAL DELAY IN DESPATCH OF CIRCULAR

The Company announces that the despatch of the circular in relation to the Agreement and the transactions contemplated thereunder will be postponed to on or before 19 September 2011.

Reference is made to the announcement of Asia Tele-Net and Technology Corporation Limited (the “Company”) dated 22 August 2011 (the “Announcement”) in relation to, among other things, the Agreement and the transactions contemplated thereunder. Unless the contexts require otherwise, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

This announcement is made pursuant to Rule 14.36A of the Listing Rules. As set out in the Announcement, a circular (the “Circular”) containing, among other matters, details of the Agreement and the transactions contemplated thereunder, was expected to be dispatched to the Shareholders on or before 6 September 2011 in accordance with the Listing Rules.

As the Company requires additional time to prepare and finalise the contents of the Circular, the date of despatch of the Circular will be postponed. It is expected that the Circular will be despatched to the Shareholders on or before 19 September 2011.

By Order of the Board

Asia Tele-Net and Technology Corporation Ltd

Lam Kwok Hing

Chairman and Managing Director

Hong Kong, 6 September 2011

As at the date of this announcement, the executive directors of the Company are Messrs. Lam Kwok Hing and Nam Kwok Lun, and the independent non-executive directors of the Company are Messrs. Cheung Kin Wai, Kwan Wang Wai Alan and Ng Chi Kin David.