08:59 BYFORD INT'L<08272> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Byford International Limited (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8272) Discloseable Transaction On 3rd February 2005, DBS, an indirect wholly owned subsidiary of the Company, entered into the Trademarks Assignment with Fuji Huizhou and Gee Power pursuant to which the Assignors agreed to assign the Trademarks to DBS in the consideration of RMB3 million. The consideration for acquiring the Trademarks exceeds 5% but not more than 25% of the relevant percentage ratio tests of the Group based on its latest published audited accounts as at 31st December 2003 and as such the Trademarks Assignment constitutes a discloseable transaction for the Company under Rule 19.06 of the GEM Listing Rules. A circular containing details of the Trademarks Assignment will be despatched to shareholders of the Company as soon as practicable after the publication of this announcement. By Order of the Board of Byford International Limited Choong Khuat Leok Company Secretary Hong Kong, 7th February 2005 As at the date of this announcement, the executive directors of the Company are Mr. Wang Lu Yen, Mr. Chai Sing Hong (alternate director: Mr. Choong Khuat Leok), Mr. Khoo Kim Cheng and Mr. Lin Jui Hsien, Jacob; the non-executive directors are Mr. Md. Wira Dani Bin Abdul Daim and Mr. George Chen (alternate director: Mr. King Jun Chih, Joseph); and the independent non-executive directors are Mr. Chow Chi Kiong, Mr. Yue Kwai Wa, Ken and Mr. Chong Tao Boon, Vincent. This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rule for the purpose of giving information with regard to the Company. The directors of the Company, having made all reasonable enquires, confirm that, to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading; and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. The above announcement is a summary only. For the full version of this announcement, please refer to the 'Latest Company Announcement' page on the GEM website at http://www.hkgem.com. In 2004, the Hong Kong Institute of Certified Public Accountants issued a number of new or revised Hong Kong Accounting Standards and Hong Kong Financial Reporting Standards (herein collectively referred to as "new HKFRSs") which are effective for accounting periods beginning on or after 1 January 2005. The Group has not early adopted these new HKFRSs in the financial statement for the period ended 31 December 2004. The Group has commenced considering the potential impact of these new HKFRSs but is not yet in a position to determine whether these HKFRSs would have a significant impact on how its results of operations and financial position are prepared and presented. These HKFRSs may result in changes in the future as to how the results and financial position are prepared and presented. 3. Basic loss per share The calculation of basic loss per share is based on the loss attributable to shareholders for the six months ended 31 December 2004 of approximately HK$1,204,000 (six months ended 31 December 2003: HK$438,000) and 180,000,000 ordinary shares in issue during the six months ended 31 December 2004 (six months ended 31 December 2003: 180,000,000 ordinary shares). No disclosure of diluted loss per share for the periods ended 31 December 2004 and 2003 is shown as the effect of the potential ordinary shares outstanding would result in a decrease in loss per share for each of the periods presented.