Slaughter and May advised Trade Champion Limited on its voluntary cash partial offer for approximately 2.00% of the issued shares in PCCW Limited

Slaughter and May, Hong Kong, advised Trade Champion Limited (Offeror), the entire issued share capital of which is indirectly held by Mr. Li Tzar Kai, Richard, in relation to its voluntary cash partial offer for 154,592,765 shares, representing approximately 2.00% of the issued shares, in PCCW Limited.

Upon the close of the partial offer, the Offeror and parties acting, and presumed to be acting, in concert with it will be interested in approximately 30.99% of the issued shares in PCCW Limited.