2007 Annual Results 8 April 2008

Agenda Financial Highlights Updates on Operations Business Outlook

Financial Highlights

Profit / (Loss) Attributable to Equity Shareholders Annual Results 2007 (HK$ M.) 2006 Turnover 451.6 427.0 Profit / (Loss) Attributable to Equity Shareholders 5.6 (79.5)

Turnover Breakdown by Business

Turnover Breakdown by Region 60% 49% 14% 12% 12% 11% 9% 13% 10% 10%

Consolidated Income Statement (1) 2007 (HK$ M) 2006 Turnover 451.6 427.0 Cost of Services (314.8) (338.3) Gross Profit 136.8 88.7 Other net income 26.3 37.5 Administrative expenses (81.9) (89.0) Revaluation gain on investment property 0.2

Consolidated Income Statement (2) 2007 (HK$ M) 2006 Profit from operations 81.4 37.4 Finance costs (55.3) (64.1) Share of results of jointly controlled entities (1) 2.2 Profit / (loss) before taxation 25.1 (24.5) Income tax (20.4) (56.1) Profit / (loss) for the year 4.7 (80.6) Minority interest (0.9) (1.1) Profit / (loss) attributable to shareholders 5.6 (79.5) Profit / (loss) per share – Basic (HK cents) 1.35 (19.23)

Expenses Breakdown 70% 69% 62% 16% 18% 18% 13% 14% 12% 8% 0% 0%

Cost of Service Breakdown

EBITDA Margins Note: EBITDA Margin represents earnings before interest income / expenses, other income, taxation, depreciation, amortization, impairment loss and share of results of jointly controlled entities as a percentage of turnover.

Asset & Liabilities HK$ Million Total Assets 3,136 Total Liabilities 1,147 Bank borrowings due within one year 218 Bank borrowings due after one year 462 (As at 31 December 2007)

Gearing

Cash Free Cash: HK$312 million Pledged Deposit : HK$84million (As at 31 December 2007)

Updates on APT’s Operations

Principle Shareholders Singasat Pte Limited 20.33% China Telecommunications Broadcast Satellite Corporation 16.26% CASIL Satellite Holdings Limited 14.95% China Aerospace Science & Tech. Corporation 8.85% Kwang Hua Development & Investment Limited 7.40% 67.79% (including both direct and indirect interests as of 31 Dec 2007)

Transponder Utilization Rates 31 Dec 06 31 Dec 07 APSTAR VI 65% 59% APSTAR V 71% 72%

APSTAR V SS/L FS1300 Commenced operation in August 2004 APT keeps 23 C & 12 Ku The mission life is over 15 years Utilization rates remains high with further increase potential

APSTAR VI Alcatel SB4100C1 High-power satellite with 38 C-band and 12 Ku-band Started commercial operation on June 7, 2005 Operation mission life over 15 years Utilization rate slightly dropped temporarily due to short-term increase in supply

Satellite TV Broadcasting Platform APT Satellite TV Development Ltd. (A Subsidiary) Successfully established a satellite TV uplink and broadcasting services platform for broadcasting services under the Satellite TV Uplink and Downlink Licence of Hong Kong SAR As at December 31, 2007, the Broadcasting Platform uplinks and broadcasts up to 72 satellite TV channels

APT Telecom Services Limited（a subsidiary) Satellite-based Telecommunications Service APT Telecom Services Limited（a subsidiary) Provides VSAT and teleport uplink services to Hong Kong and Asian telecom users including satellite operators, telcos & ISPs Provides two-way satellite internet services and teleport uplink services

Data Centre APT Satellite Telecommunication Ltd., a jointly controlled entity. Provide Data Centre Business with its Telepark Total floor area: 16,890 sq. m. Support broadcasting and telecom services of the Group Utilization started in Q4 2007

New Satellites in China Market Two new satellites launched in mid 2007 Market competition more intense Some satellite TV programs movements occurred APSTAR VI has taken up some new customers and new usages in Ku band As a whole, APT’s revenue is not adversely affected by these movements APT continues to pursue both China and overseas market for growth

Business Outlook Broadcasting and telecom businesses will grow steadily Market competition will still be fierce Better competitive edges help further increase utilization rates

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