09:27     RNA HOLDINGS<00501> - Results Announcement (1)                      

    RNA Holdings Limited announced on 28/01/2005:                             
    (stock code: 00501 )                                                      
    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                           : 580,385            719,156           
    Profit/(Loss) from Operations      : 4,870              (28,695)          
    Finance cost                       : (10,065)           (8,139)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                69                
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (7,625)            (40,160)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0004)           (0.0026)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (7,625)            (40,160)          
    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.      Basis of Presentation - Going Concern                             
                                                                              
    As more fully explained in the announcement dated on 3 November 2004, the 
    Company announced that an agreement for the implementation of a           
    restructuring proposal (the "Proposed Transactions") was signed on 11 June
    2004. As at the date of approval of the interim financial statements, the 
    Proposed Transactions are processing.                                     
                                                                              
    Completion of the Proposed Transactions is subject to the conditions      
    precedent as set out in the Company's announcement dated 3 November 2004. 
    If the Proposed Transactions are successfully implemented, substantially  
    all of the Company's debts will be discharged and the Company will return 
    to solvency and enhance its business operations. In the opinion of the    
    directors the Proposed Transactions are likely to result in creditors and 
    shareholders of the Company receiving higher return than they would       
    receive in a winding-up of the Company.                                   
                                                                              
    In preparing these Interim Financial Statements, the directors have       
    considered the future liquidity of the Group. On the basis that the       
    Proposed Transactions will be successfully completed, the directors are   
    satisfied that it is appropriate to prepare the Interim Financial         
    Statements on a going concern basis.  However, the validity of the going  
    concern basis is dependent upon the completion of the Proposed            
    Transactions.                                                             
                                                                              
    The Interim Financial Statements do not incorporate any adjustments for   
    the possible failure of the above Proposed Transactions and the winding up
    of the Company.                                                           
                                                                              
    Should the Group be unable to continue as a going concern, adjustments    
    will be required to restate the value of the Group's assets to their      
    recoverable amounts, to provide for any further liabilities which might   
    arise and to reclassify non-current assets and liabilities as current     
    assets and liabilities.  The effect of these potential adjustments has not
    been incorporated in these Interim Financial Statements.                  
                                                                              
    2.      Principal Accounting Policies                                     
                                                                              
    The Interim Financial Statements of the Group are prepared in accordance  
    with the disclosure requirements of Appendix 16 to the Rules Governing the
    Listing of Securities on The Stock Exchange of Hong Kong Limited (the"    
    Listing Rules") and in compliance with Hong Kong Statement of Standard    
    Accounting Practice ("SSAP") 25 "Interim financial reporting" issued by   
    the Hong Kong Institute of Certified Public Accountants (the"HKICPA")     
                                                                              
    The accounting policies and basis of presentation used in the preparation 
    of the Interim Financial Statements are consistent with those used in the 
    audited financial statements for the year ended 30 April 2004.