09:08     FINET GROUP<08317> - Quarterly Results Announcement                 

                                                                              
    FINET GROUP LIMITED announced on 14/02/2005:                              
    (stock code: 08317 )                                                      
                                                                              
    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                              :         15,745            13,402  
    Profit/(Loss) from Operations         :          1,121             1,011  
    Finance cost                          :            N/A               N/A  
    Share of Profit/(Loss) of Associates  :            N/A               N/A  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :          1,121             1,011  
    % Change Over the Last Period         :         +10.88%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     HKD 0.0043        HKD 0.0039  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :         1,121             1,011   
    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                                                      
    FINET GROUP LIMITED                                                       
                                                                              
    Signature :                                                               
    Name      : YU GANG GEORGE                                                
    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. The Company's shares have been listed on the Growth Enterprise Market  
    of the Stock Exchange of Hong Kong Limited since 7 January 2005.          
                                                                              
    2. The unaudited financial statements have been prepared in accordance    
    with Statements of Standard Accounting Practice ("SSAP") issued by the    
    Hong Kong Institute of Certified Public Accountants and the disclosure    
    requirements of the Rules Governing the Listing of Securities on the      
    Growth Enterprise Market of the Stock Exchange of Hong Kong Limited.      
                                                                              
    3. The calculation of the basic earnings per share is based on the        
    Group's unaudited profit attributable to shareholders of approximately    
    HK$395,000 for the three months ended 31 December 2004                    
    (2003: HK$750,000) and unaudited profit attributable to shareholders      
    of approximately HK$1,121,000 for the nine months ended 31 December 2004  
    (2003: HK$1,011,000) and on the weighted average number of 260,650,000    
    shares (2003: 260,650,000 shares) in issue during the relevant periods    
    repsectively.