08:53     MEGAINFO<08279> - Quarterly Results Announcement (1)                

                                                                              
    MegaInfo Holdings Limited announced on 04/02/2005:                        
    (stock code: 08279 )                                                      
                                                                              
    Year end date                         :30/06/2005                         
    Currency                              :HKD                                
    Auditors' report                      :N/A                                
    2nd 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 01/07/2004   from 01/07/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :          7,757             4,730  
    Profit/(Loss) from Operations         :          2,096             1,070  
    Finance cost                          :              0                 0  
    Share of Profit/(Loss) of Associates  :              0               N/A  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :         (4,980)           (1,552) 
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :   HKD (0.00931)     HKD (0.00374) 
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :         (4,980)           (1,552) 
    2nd Quarter Dividends per Share       :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for 2nd 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                                                      
    MegaInfo Holdings Limited                                                 
                                                                              
    Signature :                                                               
    Name      : Wong Chit Lung Philip                                         
    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 condensed consolidated accounts have been prepared in       
    accordance with the Statement of Standard Accounting Practice 25          
    (Interim Financial Reporting) issued by Hong Kong Institute of Certified  
    Public Accountants and the disclousure requirements set out in Chapter    
    18 of the GEM Listing Rules.                                              
                                                                              
    The condensed conlidated accounts have not been audited by the Company's  
    auditors, but have been reviewed by the Company's audit committee.        
                                                                              
    The accounting policies and methods of computation used in the            
    preparation of the unaudited condensed accounts are consistent with       
    those used in the audited financial statement for the year ended 30       
    June 2004.                                                                
                                                                              
    2.   Turonver                                                             
                                                                              
    The Group is principally engaged in the provision of digital image        
    processing management solutions and products maintenance services in      
    mainland China and Macao.