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.

GRANT OF SHARE OPTIONS

This announcement is made pursuant to rule 23.06A of the Rules Governing the Listing of Securities on the Growth Enterprise Market (the "GEM Listing Rules") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board (the "Board") of directors (the "Directors") of China Communication Telecom Services
Company Limited (the "Company", together with its subsidiaries, the "Group") announces that on
28 March 2014, the Company granted share options (the "Share Options") to an eligible participant of the Group (the "Grantee") to subscribe for an aggregate of 2,000,000 ordinary shares of HK$0.01 each in the capital of the Company (the "Shares"), subject to the acceptance of the Grantee, under the share option scheme adopted by the Company by a resolution of the shareholders passed at the annual general meeting of the Company on 7 August 2013. Details of the Share Options granted on 28 March 2014 are set out as follows:
Date of grant (the "Date of Grant") : 28 March 2014
Exercise price of Share Options granted : HK$0.492 per Share, (being the highest of (i)
0.475 being the closing price of the Share as stated in the daily quotation sheets issued by the Stock Exchange on the Date of Grant; (ii) HK$0.492 being the average closing price of the Shares as stated in the Stock Exchange's daily quotation sheets for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of the Share, subject to adjustments)
Number of Share Options granted : 2,000,000 Share Options (each Share Option shall entitle the holder of the Share Options to subscribe for one Share)
Closing price of the issued Shares as quoted on the Stock Exchange on the Date of Grant
: HK$0.475 per Share
Exercise period of the Share Options : 29 March 2014 to 28 March 2015 (both days inclusive)

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The Grantee is not a Director, chief executive or substantial shareholder of the Company or any of their respective associates (as defined under the GEM Listing Rules).
By Order of the Board

China Communication Telecom Services Company Limited He Chenguang

Chairman

Hong Kong, 28 March 2014

As at the date of this announcement, the executive Directors of the Company are Mr. He Chenguang and Mr. Bao Yueqing, the non-executive Director is Mr. Xiao Haiping and the independent non-executive Directors are Mr. Yip Tai Him, Ms. Cao Huifang, Ms. Han Liqun and Ms. Zhang Li.

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.

This announcement will remain at www.hkgem.com on the "Latest Company Announcements" page of the GEM website for at least 7 days from the date of its posting and on the website of the Group at www.ccpi.com.hk.

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