in 8Telecom

(

and equipment manufacturer, has announced the acquisition of a 5.64% equity stake

(representing 27 million shares) in the Group by a group of institutional investors and high

net-worth individuals. This Vendor Placement of 27 million shares owned by Manfaith

Investments Limited, the substantial shareholder of 8Telecom, is in response to strong

institutional demand received over the past few months.SGX Mainboard listed 8Telecom International Holdings Co. Ltd.?8Telecom? or ?The Group?), a leading PRC telecommunications infrastructure developer

?

our Group. The growing interest from these funds and high net worth individuals is a

significance of their confidence on our Group

profile as a whole. We will continue to work hard to repay investors

and enhance existing shareholder value.We are pleased to note the increasing amount of institutional investors? interests in?s prospects and raises our corporate? faith and support?

- Mr Ye Tian Yun (

1Q07 revenue surged 153% to RMB73.1 million

upcoming 3G launchOverall PRC telecommunications industry look bright, especially with

and Telecommunications Electronics Manufacturing Services

(?TEMS?) segments

 

Singapore, 14 May 2007

(?8Telecom? or ?The Group? or ?

telecommunications infrastructure developer and equipment manufacturer based in

Zhejiang has posted a robust 152.7% growth in its 1Q07 revenue to RMB73.1 million.

Compared to the previous corresponding period, net profit attributable to shareholders also

grew 7.6% to RMB3.55 million.