Beijing Digital Telecom : APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

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This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase, or subscribe for securities of the Company nor is it a solicitation of any vote or approval in any jurisdiction.

̏ԯࠔڦஷਠ൱ٰ΅Ϟࠢʮ̡

Beijing Digital Telecom Co., Ltd.

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 6188)

APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

Reference is made to the joint announcement issued by Beijing Digital Telecom Co., Ltd. (̏ ԯࠔڦஷਠ൱ٰ΅Ϟࠢʮ̡) (the "Company"), Zhuhai Huafa Industrial Investment Holding Co., Ltd.* (मऎശ೯ྼ᜗ପุҳ༟છٰϞࠢʮ̡) and Hong Kong Huafa Investment Holdings Limited (࠰ಥശ೯ҳ༟છٰϞࠢʮ̡) dated 1 February 2021 (the "Joint Announcement"). Unless the context otherwise requires, the capitalised terms used herein shall have the same meanings as those defined in the Joint Announcement.

The Board wishes to announce that Innovax Capital Limited, a corporation licensed to carry out Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities (as defined under the SFO), has been appointed as the Independent Financial Adviser to advise the Independent Board Committee in respect of the Offers and in particular as to whether the Offers are, or are not, fair and reasonable and as to the acceptance of the Offers. Such appointment has been approved by the Independent Board Committee in accordance with Rule 2.1 of the Takeovers Code.

The letter of advice from Innovax Capital Limited in respect of the Offers will be included in the Composite Document to be despatched to the Shareholders in due course and in compliance with the Takeovers Code.

WARNING:

Shareholders and potential investors of the Company should note that the Offers may or may not be materialised as the making of the Offers are subject to Completion. Furthermore, the Offers are conditional upon the fulfilment of acceptance conditions. Accordingly, the Shareholders and potential investors of the Company should exercise caution when dealing in the Domestic Shares and the H Shares. If Shareholders and potential investors have any doubt about their position, they should consult their professional advisers. Further announcement(s) will be made by the Offeror Group and the Company regarding the Offers as and when appropriate.

By order of the Board

Beijing Digital Telecom Co., Ltd.

LIU Donghai

Chairman

Beijing, the PRC

25 February 2021

As at the date of this announcement, the executive directors of the Company are Mr. LIU Donghai, Mr. LIU Yajun and Ms. LIU Wencui; the non-executive directors of the Company are Mr. LI Wenzhi, Mr. YAO Yanzhong and Mr. LV Jing; and the independent non-executive directors of the Company are Mr. LV Tingjie, Mr. LV Pingbo and Mr. ZHANG Senquan.

All Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement, and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement contained in this announcement misleading.

*

For identification purpose only