China Broadband Announces Significant Internet Subscriber Growth At Its Shekou, Shenzhen Joint Venture.

Business Editors/High Tech Writers

CALGARY, Alberta--(BUSINESS WIRE)--Nov. 27, 2001

China Broadband Corp. (OTCBB:CBBD) announces today that its Shenzhen China Merchant Big Sky Network Joint Venture, located in Shekou, last week signed approximately three hundred new residential cable Internet subscribers, representing a customer base increase of over 15%.

"This joint venture is the first of its kind in China," stated Mr. Matthew Heysel, Chairman and CEO. "With these new subscribers, we have over 1,900 residential and 100 business customers representing a penetration rate of approximately 15% of Shekou's existing cable television subscribers with available two-way network. We attribute this impressive market penetration, which was achieved in just 11 months of commercial service, and last week's subscriber growth, to our reputation for high quality, affordable service, and our heightened marketing efforts."

About China Broadband

China Broadband is a leading broadband Internet provider in China. The Company, through its operational subsidiary Big Sky Network Canada Ltd., forms co-operative joint ventures with municipal network providers to enable affordable, reliable, high-speed Internet access. The Company launched its first deployment in Shenzhen over the hybrid fibre cable television network; the first launch of two-way commercial Internet access in China. The Company has also launched Internet access on the cable television network in Chengdu, Sichuan, and via a metropolitan area network in a Chengdu Hi-Tech Park. The Company has also executed agreements to enable Internet access in several cities, including Shanghai and Beijing, and throughout the provinces of Hunan and Fujian. The Company has also entered into an agreement with Jitong to provide a fixed wireless solution throughout China over Jitong's existing city-specific and country-wide spectrum.

Under these joint ventures, the Chinese partner contributes the exclusive access to the existing network, while the Company contributes the required capital, management, and Internet technology to enable Internet access once all government approvals are received.

Note: The information contained in this press release contains "forward looking statements" within the meaning of the U.S. Federal Securities Law. Such statements are based on the current expectations of the management of China Broadband Corp. only, and actual results may differ materially. Factors that may affect such results include, but are not limited to, China Broadband's ability to realize anticipated benefits from the strategy partnership with Nortel Networks, China Broadband's ability to increase its subscriber bases in Shekou and Chengdu, China Broadband's ability to enter into new joint ventures to expand its presence in China, China Broadband's ability to obtain additional capital to meet its on-going capital requirements and capital for expansion needs, potentially adverse regulatory environment and governmental regulations, technological or competitive developments that may render existing systems obsolete, uncertain demand for China Broadband's services or products, potential inability to timely develop and introduce new technologies, products and services, failure to receive on a timely basis necessary permits or other governmental approvals, and delays in installing equipment or providing services. These factors and many others could cause the actual results or performance to differ materially from management's expectations. For a more detailed discussion of risks and other factors related to China Broadband please refer to its 10-KSB and 10QSB reports filed with the U.S. Securities and Exchange Commission.