HONG KONG, Nov. 24, 2010 (GLOBE NEWSWIRE) -- City Telecom (HK) Ltd.
("City Telecom") (HKSE:1137) (Nasdaq:CTEL) is pleased to announce that,
Mr Ricky Wong, Chairman of the Group, was honored to recently accept
the Ernst & Young Entrepreneur Of The Year 2010 China for Telecom
Category. Ricky Wong founded City Telecom with his cousin Mr Paul
Cheung, Vice-Chairman, in 1992. City Telecom is known for breaking the
City's long standing monopoly in the international long distance market
with its innovative call back service, offering the ability to cheaply
communicate with people around World, thereby bringing global families
and business closer together. In 1999, Wong established a subsidiary,
Hong Kong Broadband Network Limited providing a Fibre alternative to
traditional legacy copper based services and has since grown into Hong
Kong leading provider of residential Fibre based 100Mbps and above
broadband services.

Below as is a recent Question & Answer section with Ricky Wong:

Q: What is the most difficult decision you've ever had to make in your
business?

A: Over the past 18 years of business, after we dug our first gold from
the IDD (International Direct Dial) business, we needed to decide on
what was next. It was an important decision because it involved several
billion Hong Kong dollars. We knew that investing in infrastructure
would mean another 10 or 20 years of hard work.

Q: What was your purpose in starting a new business?

A: Whether it was our IDD (International Direct Dial) business 18 years
ago, or the fixed telecommunications and broadband business 10 years
ago, or our pending application for Free-TV, in launching a business,
we have to keep in mind what society really needs. We believe that if
the public needs a certain service or product, we will provide it. This
is good not only for society, but also for the company.

Q: What does innovation mean to you?

A: In the past, innovation belonged to me alone, especially in the
early days -- all the ideas and plans came out of my mind. Today, I
have more than 3,000 employees, so, innovation is no longer my
privilege. Everyone in the company must have an innovative way of
thinking. However, I think innovation needs to be driven in two ways.
First, whether employees are entitled to innovate. They're able to be
innovative once they feel they're in that entitled position. Second,
whether innovation will bring rewards, because any innovation without
rewards means downside risk only.

About Entrepreneur Of The Year(R), please refer to
http://www.ey.com/CN/en/Newsroom/News-releases/2010_Entrepreneur-of-the
-year-China-2010-winners

About City Telecom/Hong Kong Broadband Network Limited

Information on City Telecom can be found at www.ctigroup.com.hk.


CONTACT:  City Telecom (H.K.) Limited 
          Corporate Communications
          Ms. Jessie Cheng
            +852 3145 4118
            Fax: +852 2199 8372
            chengcm@ctihk.com
          Investor Engagement
          Ms. Peggy Chan
            +852 3145 6068
            Fax: +852 2199 8655
            investor_engagement@ctihk.com