CABLE TV’s News Service to Land in New Zealand

(March 15, 2003 Hong Kong) The Chinese community in New Zealand will be able to keep abreast of Hong Kong events round-the-clock following an agreement between Hong Kong Cable Enterprises Limited (HKCE), the exclusive programme distribution agent of Hong Kong Cable Television Limited (CABLE TV), and World TV Limited (WTV) of New Zealand. Under the agreement, CABLE TV’s 24-hour news service, financial reports as well as current affairs and cultural programmes will be distributed via WTV’s platform throughout New Zealand from April 1, 2003. Since last year, CABLE TV’s news production is already in digital format. With the advent of broadband technology, CABLE TV’s digitised programmes will be distributed to New Zealand round-the-clock via an IP platform, enabling significant saving in transmission cost. Chief Operating Officer of HKCE, Mr. Samuel Tsang, said the new transmission technology had opened up new ground for distribution of programmes internationally. “The technology we have harnessed has cleared a major hurdle, i.e., the high satellite distribution cost, that previously existed in licensing our programmes to overseas distributors,” he added. Mr Tsang said the agreement with WTV is a vote of confidence on the quality of the new distribution technology and CABLE TV’s news service.

Chief Operating Officer of HKCE Mr Samuel Tsang (left) and Chief Executive Officer of WTV Mr Henry Ho (right) hosting the Contract Signing Ceremony Chief Operating Officer of HKCE Mr Samuel Tsang (right) and Chief Executive Officer of WTV Mr Henry Ho (left) at CABLE TV's Digital News Center

CABLE News is the first 24-hour News Channel in Asia, and also the first in Asia to fully digitalize its news production process.

Chief Executive Officer of WTV , Mr. Henry Ho , said the new transmission technology had opened new ground for WTV to bring in quality television programmes economically for the benefit of WTV subscribers who are interested in updated programmes from Hong Kong Cable. “ I believe the same technology shall be able to benefit Chinese communities in other countries. WTV is delighted to have the opportunity to work with HKCE for this new transmission technology,” he added.

About Hong Kong Cable Enterprises Limited (Website: www.21126888.com)

Hong Kong Cable Enterprises Limited, is a wholly-owned subsidiary of i-CABLE Communications Company, is the Exclusive Sales Distributor of Commercial Airtime and International Programme Licensee of Hong Kong Cable Television Limited.

HKCE also acts as advertising sales distributor for Cable Guide Monthly magazine and other media. With 21126888.com, the online shopping platform, as well as CABLE TV e-Programme Listing, HKCE is dedicated to providing value added services to CABLE TV's subscribers and advertisers.

i-CABLE is listed on both the Hong Kong Stock Exchange (Stock code:1097) and NASDAQ in the US (Symbol:ICAB). i-CABLE is approximately 79.4% held by The Wharf (Holdings) Limited, which is also listed on the Hong Kong Stock Exchange (Stock code:0004).

About World TV Limited (WTV) (Website: www.wtv.co.nz)

World TV Limited, launched in June 2000, aims to deliver up-to-the-minute news and information, entertainment and cultural programmes from major Asian satellite channels directly to the vast Asian and non-Asian communities throughout New Zealand via a satellite digital direct-to-home delivery platform. WTV is currently operating 7 independent channels: 5 Chinese, 1 Korean and 1 Japanese, each broadcasting non-stop 24 hours a day.