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HutchTech Resources Limited
30 Fl., CEF Lend Lease Plaza,
663 King's Road,
North Point,
Hong Kong
Tel: (852) 2503 8230
Fax: (852) 25038100

Press Release

HutchTech Resources Limited opens its first resources centre in Shenzhen

26 February 2001

HutchTech Resources Limited ("HutchTech"), a fifty-fifty joint venture between Hutchison Whampoa Limited's wholly owned subsidiary and Computer And Technologies Holdings Limited, opened its first Resources Centre in Shenzhen today (Monday) for providing software development and related outsourcing services, particularly for e-commerce related application.

"Drawing upon the combined financial and technical strengths of the joint venture partners, HutchTech has the resources to establish a strong market presence and to become a leading software development service company. HutchTech will focus on establishing resources centers in Mainland China to provide quality and cost-competitive services in software development and its application support," said Mr C.S. Ng, CEO of HutchTech.

He added: "We also provide outsourcing service to enterprises which find it difficult and expensive to keep an in-house software development team. As for application development, we have the technical expertise, business know-how and established methodologies to handle a wide variety of projects from client/server architectures to web-based infrastructures."

Officiating at the opening ceremony of HutchTech's Resources Centre in Shenzhen was Mr Ye Min Hui, General Director of Shenzhen Municipal Foreign Investment Bureau. Mr Yeh said: " With the rapid development of the internet and information technology, technological strength is crucial to any business expansion. Hutchison Whampoa Limited and Computer And Technologies Holdings Limited have taken the business opportunity to establish the HutchTech Centre which will become a leading force in the provision of IT and e-commerce related services.

"The Centre will benefit the development of e-commerce and IT development of the Hutchison Group as well as Shenzhen and the rest of Mainland China," Mr Yeh added.

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For further information, please contact Ms Betty Chan at (852)2128 9858 (telephone) or bettyc@hecl.com.hk (e-mail).

Information on Shareholders

Hutchison Whampoa

Hutchison Whampoa is a Hong Kong-based multinational conglomerate with a market capitalisation of about US$53 billion. With origins dating back to the 1800s, Hutchison is also part of the Li Ka-shing group of companies. In 1999, consolidated turnover was over US$7.1 billion, and earnings after tax and exceptional items were approximately US$15.1 billion. With close to 100,000 employees worldwide, Hutchison operates five core businesses in 28 countries: ports and related services; telecommunications and e-commerce; property and hotels; retail and manufacturing; and energy and infrastructure. For more information, please visit www.hutchison-whampoa.com.

Computer and Technologies Holdings

Founded in 1991, Computer And Technologies Holdings Limited is listed on the Stock Exchange of Hong Kong (0046). It has built its business on a vision to deliver competitive advantage for enterprises to progress by optimizing their information systems efficiently. In partnership with its customers, the company brings experience and knowledge in systems integration to build and enhance their information infrastructure, with a specific emphasis on providing e-business solutions and consultancy services on enterprise network infrastructure and security. C&T conducts business in both Hong Kong and China. More C&T information is available at www.ctil.com.