Established in 1992, City Telecom (H.K.) Limited ("CTI") is a fast growing and innovative provider of residential and corporate fixed network and international telecommunications services in Hong Kong. Its wholly-owned subsidiary, Hong Kong Broadband Network Limited ("HKBN"), is a major fixed telecom network services operator, providing the world's fast residential 1Gbps, 200Mbps, 100Mbps, 50Mbps and 25Mbps broadband Internet access, telephony, IP-TV and corporate data services with our self-built Metro Ethernet IP network, which is the largest alternative end-to-end network in Hong Kong. Since our establishment, the Group has aggressively marketed itself and its services to capitalize on the growth and deregulation of the Hong Kong telecommunications market.

City Telecom was listed on The Stock Exchange of Hong Kong Limited (Stock Code: 1137) in August 1997 with an ADR Listing on the Nasdaq National Market (Ticker Symbol: CTEL) in the US in November 1999. In addition to the operations in Hong Kong, the Group also has branch offices in Canada and Guangzhou. Pulling together with perseverance, the Group has strived to achieve greater heights, beyond our individual capabilities, against challenging market conditions. Through long term investments and aggressive business strategy, we are building a strong future and laying the foundation to become Hong Kong's preeminent integrated telecommunications services provider.