08:44     NEO-CHINA GROUP<00563> - Results Announcement                       

    Neo-China Group (Holdings) Limited announced on 18/01/2005:               
    (stock code: 00563 )                                                      
    Year end date: 30/04/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Audit Committee                               
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/05/2004    from 01/05/2003   
                                         to 31/10/2004      to 31/10/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 593,562            0                 
    Profit/(Loss) from Operations      : 94,523             (17,236)          
    Finance cost                       : (5)                (719)             
    Share of Profit/(Loss) of                                                 
      Associates                       : (1,254)            (5,684)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 0                  0                 
    Profit/(Loss) after Tax & MI       : 122,561            36,178            
    % Change over Last Period          : +239      %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0590             0.0209            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 122,561            36,178            
    Interim Dividend                   : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Interim Dividend                 : N/A                                  
    Payable Date                       : N/A                                  
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      Earnings per share                                                
                                                                              
    The calculation of earnings per share is based on profit attributable to  
    shareholders of HK$122,561,000 (31 October 2003 - HK$36,178,000) and on   
    the weighted average number of 2,075,940,643 shares in issue during the   
    current period (31 October 2003 - 1,730,288,469 shares).                  
                                                                              
    2.      Last corresponding period's profit(loss) from operations is       
    restated after excluding the gain on disposal of subsidiaries and an      
    associate of HK$41,389,000 and HK$18,000,000 respectively.                
                                                                              
    For more details, please refer to the press announcement today.