08:59     THIZ TECHNOLOGY<08119> - Quarterly Results Announcement (1)         

                                                                              
    Thiz Technology Group Limited announced on 31/01/2005:                    
    (stock code: 08119 )                                                      
                                                                              
    Year end date                         :31/03/2005                         
    Currency                              :HKD                                
    Auditors' report                      :N/A                                
    3rd Quarterly Report Reviewed by      :Audit Committee                    
                                                                              
    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                                                      
                                                                              
                                               (UnAudited)       (UnAudited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/04/2004   from 01/04/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :         16,545            30,040  
    Profit/(Loss) from Operations         :        (9,596)           (9,720)  
    Finance cost                          :          (241)             (112)  
    Share of Profit/(Loss) of Associates  :              0                 0  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :              0                 0  
    Profit/(Loss) after Taxation & MI     :        (9,864)           (9,916)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :   (HKD 0.0047)      (HKD 0.0057)  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :        (9,864)           (9,916)  
    3rd Quarter Dividends per Share       :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for 3rd Quarter 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                                                      
    Thiz Technology Group Limited                                             
                                                                              
    Signature :                                                               
    Name      : Chan Sai Yan                                                  
    Title     : Company Secretary                                             
                                                                              
    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                                                   
                                                                              
    The unaudited consolidated results have been prepared in accordance       
    with the Statements of Standard Accounting Practice issued by the Hong    
    Kong Institute of Certified Public Accountants ("HKICPA") and with the    
    applicable disclosure requirements of Chapter 18 of the Rules Governing   
    the Listing of Securities on the Growth Enterprise Market (the "GEM       
    Listing Rules") of The Stock Exchange of Hong Kong Limited.               
                                                                              
    The principal accounting policies and methods of computation adopted      
    in preparing the unaudited consolidated results are consistent with       
    those followed in the Group's annual financial statements for the year    
    ended 31st March, 2004.                                                   
                                                                              
    All significant intra-group transactions and balances have been           
    eliminated on consolidation.                                              
                                                                              
                                                                              
    2. Turnover and revenue                                                   
                                                                              
    Turnover represents the invoiced value of computer products sold and      
    Group's Linux based software products distributed and training income,    
    after allowances for returns and discounts and net of value-added tax.