PCCW Ltd.

PCCW Limited (PCCW) is a Hong Kong-based communications operator. The principal activities of the Company and its subsidiaries are the provision of local, mobile and international telecommunications services, Internet access services, interactive multimedia and pay-television (TV) services, the sale and rental of telecommunications equipment, and the provision of computer, engineering and other technical services in Hong Kong, mainland China and elsewhere in the Asia Pacific region; investments in, and development of, systems integration and technology-related businesses; and investments in, and development of, infrastructure and properties in Hong Kong, mainland China and elsewhere in the Asia Pacific region. On August 23, 2007, Pacific Century Premium Developments Limited (PCPD), which is a majority-owned subsidiary of the Company acquired 100% interest in Nihon Harmony Resorts K.K.