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COMPUTER AND TECHNOLOGIES HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)
(Stock Code: 46)
TERMINATION OF THE SHARE OPTION AGREEMENT
IN RESPECT OF A CONNECTED TRANSACTION

On 7 September 2007, at the request of Mr. Yan, the Company agreed to early terminate the rights and
obligations under the Share Option Agreement that entered into between C&T International and Mr.
Yan on 24 August 2004. The signing of the Share Option Agreement was then constituted a connected
transaction under Chapter 14A of the Listing Rules and the announcement was made by the Company
on 24 August 2004. Under the Share Option Agreement, Mr. Yan was granted an option at a
consideration of HK$351,000 to purchase of the Option Shares at the Exercise Price and was exercisable
during the Option Period which ends no later than 30 June 2009.
This announcement is made pursuant to the obligation of the Company in providing updated status of
the subject as there is any change occurred and under Chapter 14A of the Listing Rules.
Reference is made to the announcement of Computer and Technologies Holdings Limited (the “Company”)
dated 24 August 2004 (the “Announcement”) in respect of a connected transaction regarding the grant of
an option by C&T International to Mr. Yan King Shun (“Mr. Yan”, one of the directors of Global
e-Business, a wholly-owned subsidiary of the Group) for the purchase of the Option Shares pursuant to
the Share Option Agreement (the “Agreement”). All capitalized terms used herein shall have same meanings
as those defined in the Announcement.
Pursuant to the Agreement, a notice was given by Mr. Yan to the Company on 7 September 2007 to
request for early termination of the Agreement based on the ground that his interest in acquiring the
Option Shares has been extinguished and has the desire to have the Agreement aborted with immediate
effect. As of the date of the announcement, no Option Shares had been issued pursuant to the Agreement.

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The termination of the Agreement would automatically release all rights and obligations of the parties
and the considerations of the Option of HK$351,000 is non-refundable to Mr. Yan. The Directors (including
the independent non-executive directors) consider that it is in the interest of the Company to accept the
request from Mr. Yan and believe that there will be no adverse impact on the Group’s business operation
as the early termination of the Agreement is without any additional condition or affect any existing
relationship between the Group and Mr. Yan.
By Order of the Board
Computer And Technologies Holdings Limited
Ng Cheung Shing
Chairman
Hong Kong, 7 September 2007
As at the date of this announcement, the Board comprises Mr. Ng Cheung Shing, Mr. Leung King San,
Sunny and Mr. Ma Mok Hoi as executive directors, and Mr. Ha Shu Tong, Dr Lee Kwok On, Matthew,
and Mr. Ting Leung Huel, Stephen as independent non-executive directors.