09:00     LEADERSHIP PGL<08010> - Quarterly Results Announcement (2)          

                                                                              
    Prior period adjustment                                                   
                                                                              
    In the prior period of three months ended 31 December 2003, certain       
    intellectual properties assets was mistakenly included on the             
    acquisition of a subsidiary and a gain on acquisition of a                
    subsidiary amounted to HK$2,268,000 was accounted in the                  
    unaudited consolidated results in same quarter last year.                 
    Adjustment on prior period error was made accordingly that                
    an impairment loss in respect of goodwill of subsidiary amounted to       
    HK$1,764,000 was then recognised.  As a results, unaudited net loss       
    for the three months and nine months ended 31 December 2003               
    were restated from HK$17,487,000 and HK$61,729,000 to                     
    HK$21,519,000 and HK$65,761,000 respectively.  Loss per share             
    for the three months and nine months ended 31 December 2003               
    were restated from HK$0.032 and HK$0.117 to HK$0.039 and HK$0.124         
    respectively.  The adjustment on prior period error was made              
    to consistent with the audited annual consolidated financial              
    statements of the Group for the year ended 31 March 2004.