[For Immediate Release]

Hong Kong, September 11, 2006 -- APT Satellite Holdings Limited (together with its subsidiaries known as "the Group") (HKEx stock code: 1045; NYSE stock code: ATS), a provider of high-quality satellite transponder, telecommunications and broadcasting services in Asia Pacific, today announced its unaudited interim results for the six-month period ended 30 June 2006 (the "Period").

The Group's turnover amounted to HK$ 207,996,000 for the six-month period ended 30 June 2006 (2005: HK$144,252,000). Loss attributable to shareholders amounted to HK$ 21,139,000 (2005: HK$10,390,000). Basic loss per share was HK 5.12 cents (2005: HK2.51 cents). The Board of the Company does not recommend any payment of interim dividend for the six months ended 30 June 2006 (2005: Nil).

Mr. Ni Yifeng, Executive Director and President of the Group, said, "During the Period, competition in the transponder market in the region remained fierce. The commencement of operation of APSTAR VI in June 2005 did help to improve the Group's competitive edges in the market. During the Period, the utilization rates of APSTAR V and APSTAR VI were 69.9% and 40.4%, respectively.

During the Period, the Group's in-orbit satellites, together with their corresponding telemetry, tracking and control systems, have been operating under normal condition. APSTAR VI, a high-power satellite located at 134E, is equipped with 38 C-band transponders and 12 Ku-band transponders, of which its C-band transponders cover China, India, Southeast Asia, Australia, South Pacific Islands, Guam and Hawaii, while its Ku-band transponders serve mainly the China market. With a sound customer base of CCTV and other renowned Chinese broadcasters and thereby commanding a strong neighborhood effect, APSTAR VI is expected to become one of the most popular multilingual and multicultural satellite platforms in the Asia Pacific region.

APSTAR V, located at 138E orbital slot, is another high-power satellite of the Group. Its 38 C-band transponders cover China, India, Southeast Asia, Australia, New Zealand, South Pacific Islands, Guam and Hawaii, while its 16 Ku-band transponders cover mainly China, India, and Korea. APSTAR V supports various transponder services including DTH broadcasting, Internet and VSAT services within Asia while providing inter-connections between the United States and major Asian cities.

Mr. Ni said, "The commencement of operations of APSTAR V and APSTAR VI have enabled the Group to provide the latest advanced and comprehensive satellite communication and broadcasting services to its customers, thereby improving the Group's competitiveness in the market."

Meanwhile, the Group has endeavoured to extend its market reach. APT Satellite Company Limited, a subsidiary of the Group, signed a strategic cooperation agreement with Intelsat Limited ("Intelsat") in December 2005. The agreement allows Intelsat to access the Asia Pacific market through the Group's satellites of APSTAR V and APSTAR VI, while the Group will have access to Intelsat's satellite capacity.  As part of the alliance, the two companies have also agreed to explore additional growth initiatives such as IPTV and uplink services in the Asia Pacific region, including China.

"The formation of the strategic alliance with Intelsat will significantly strengthen the Group's market reach, thereby enabling us to provide more comprehensive services to our customers," Mr. Ni said.

The Group provides satellite TV uplink and broadcasting services through APT Satellite TV Development Limited ("APT TV"), a wholly-owned subsidiary of the Group, and has successfully established a satellite TV broadcasting platf