08:54     JIUZHOU DEV<00908> - Results Announcement (2)                       

    The unaudited condensed consolidated interim financial report has been    
    prepared on a going concern basis, the validity of which depends upon the 
    decision of the bankers, creditors, liquidators and provisional           
    liquidators of the Major Shareholder and/or the Registered Shareholder    
    over the future direction of the business and financial operations of the 
    Group as a result of the various winding-up petitions and/or any          
    subsequent changes in the registered holders of the Pledged Shares.  The  
    unaudited condensed consolidated interim financial report does not include
    any adjustments that may be necessary should decisions be subsequently    
    taken by the bankers, creditors, liquidators and provisional liquidators  
    of the Major Shareholder and/or the Registered Shareholder over the future
    direction of the business and financial operations of the Group, which may
    affect the Group's ability to continue to operate as a going concern.     
    Details of the circumstances relating to this uncertainty are described in
    note 1 to the  unaudited condensed consolidated interim financial report. 
    Appropriate disclosures have been made and the Auditors' review conclusion
    is not modified in this respect.                                          
                                                                              
    (2)     Earnings per share                                                
                                                                              
    The calculation of basic earnings per share is based on the net profit    
    from ordinary activities attributable to shareholders for the period of   
    HK$12,074,000 (2003:HK$1,657,000) and the weighted average of 799,000,000 
    (2003:799,000,000) ordinary shares in issue during the period.            
                                                                              
    The calculation of diluted earnings per share is based on the net profit  
    from ordinary activities attributable to shareholders for the period of   
    HK$12,074,000 (2003:HK$1,657,000).  The weighted average number of        
    ordinary shares used in the calculation is the 799,000,000 (2003:799,000, 
    000) ordinary shares in issue during the period, as used in the basic     
    earnings per share calculation, and the weighted average of 24,430,362 (  
    2003:24,041,499) ordinary shares assumed to have been issued at nil       
    consideration on the deemed exercise of all share options outstanding     
    during the period.                                                        
                                                                              
    For more details, please refer to the press announcement today.