08:57     THINSOFT<08096> - Yearly Results Announcement (1)                   

                                                                              
    ThinSoft (Holdings) Inc announced on 31/1/2005:                           
    (stock code: 08096 )                                                      
                                                                              
    Year end date                         :31/12/2004                         
    Currency                              :HKD                                
    Auditors' report                      :Unqualified                        
                                                                              
                                                                              
    Important Note :                                                          
                                                                              
    This result announcement form only contains extracted information from    
    and should be read in conjunction with the detailed results announcement  
    of the issuer, which can be viewed on the GEM website at                  
    http://www.hkgem.com                                                      
                                                                              
                                                 (Audited)         (Audited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/01/2004   from 01/01/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :         17,972            19,216  
    Profit/(Loss) from Operations         :        (7,803)          (11,796)  
    Finance cost                          :              0                 0  
    Share of Profit/(Loss) of Associates  :              0                 0  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :              0                 0  
    Profit/(Loss) after Taxation & MI     :        (7,691)          (11,564)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :    (HKD 0.0153)      (HKD 0.0231) 
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :             0                 0   
    Profit (Loss) after ETD Items         :        (7,691)          (11,564)  
    Final Dividends per Share             :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for Final Dividends         :            N/A                    
    Payable Date                          :            N/A                    
    B/C Dates for (-) General Meeting     :            N/A                    
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    ThinSoft (Holdings) Inc                                                   
                                                                              
    Signature :                                                               
    Name      : Ngiam Mia Hai Bernard                                         
    Title     : Chairman                                                      
                                                                              
    Responsibility statement                                                  
                                                                              
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for the   
    accuracy of the information contained in this results announcement form   
    (the "Information") and confirm, having made all reasonable inquiries,    
    that to the best of their knowledge and belief the Information are        
    accurate and complete in all material respects and not misleading and     
    that there are no other matters the omission of which would make the      
    Information herein inaccurate or misleading.The Directors acknowledge     
    that the Stock Exchange has no responsibility whatsoever with regard to   
    the Information and undertake to indemnify the Exchange against all       
    liability incurred and all losses suffered by the Exchange in connection  
    with or relating to the Information.                                      
                                                                              
    Remarks:                                                                  
                                                                              
    1. Basis of preparation                                                   
                                                                              
    These financial statements have been prepared in accordance with          
    Hong Kong Financial Reporting Standards (which also include               
    Statements of Standard Accounting Practice and Interpretations)           
    issued by the Hong Kong Institute of Certified Public Accountants,        
    accounting principles generally accepted in Hong Kong and the             
    disclosure requirements of the Hong Kong Companies Ordinance. They        
    have been prepared under the historical cost convention.                  
                                                                              
    2. Turnover                                                               
                                                                              
    Turnover represents the net invoiced value of goods sold and services     
    rendered, less discounts, returns, and applicable goods and service       
    taxes. All significant transactions among the companies comprising        
    the Group have been eliminated on consolidation.                          
                                                                              
    3. Tax                                                                    
                                                                              
    Hong Kong profits tax has not been provided (2003: Nil) as the Group      
    did not generate any assessable profits in Hong Kong during the year.     
                                                                              
    ThinSoft Pte Ltd, a company incorporated in Singapore, is subject to      
    Singapore income tax. Singapore income tax has been provided at the       
    rate of 20% (2003: 22%) on the estimated assessable profits arising       
    in Singapore for the year ended 31 December 2004.