08:52 INT'L ENT<08118> - Announcement (2) is required to publish this announcement and include the details of the Tenancy Agreement in the next published annual report and accounts of the Company. By order of the Board Kwok Chi Kin Company Secretary As at the date of this announcement, the Board comprises the following members: Executive Directors: Cheng Kar Shun (Chairman) Lo Lin Shing, Simon Choi Wing Kin So Kam Wing Non-executive Director: Wu Wing Kin Independent Non-executive Directors: Cheung Hon Kit Kwee Chong Kok, Michael Wong Chi Keung Hong Kong, 24 February 2005 This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors of the Company, having made all reasonable enquiries, 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 Announcements" page on the GEM website of www.hkgem.com. abc Multiactive Limited announced on 24/02/2005: (stock code: 08131 ) Year end date :30/11/2004 Currency :HKD Auditors' report :Unqualified 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 (Audited) (Audited) Current Last Corresponding Period Period from 01/12/2003 from 01/12/2002 to 30/11/2004 to 30/11/2003 $'000 $'000 Turnover : 23,050 22,567 Profit/(Loss) from Operations : 1,733 8,556 Finance cost : (1,169) (1,042) Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entites : 0 0 Profit/(Loss) after Taxation & MI : 564 7,788 % Change Over the Last Period : -92.76% EPS / (LPS) Basic (in dollar) : HKD 0.0035 HKD 0.0485 Diluted (in dollar) : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : 564 7,788 Final Dividends per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for Final 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 abc Multiactive Limited Signature : Name : Cheung, Siu Leong 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 presentation The measurement basic used in the preparation of the financial statements is historical cost convention. At the balance sheet date, the Group's current liabilities exceeded its current assets by approximately HK$4,823,000 and the Group's shareholders' deficits amounted to approximately HK$24,649,000. Notwithstanding the above results, the financial statements have been prepared on a going concern basis, the validity of which is dependent upon the success of the Group's future operations, its ability to generate adequate cash flows in order to meet its obligation as and when fall due and its ability to refinance or restructure its borrowings such that the Group can meet its future working capital and financing requirements. Subsequent to 30 November 2004, a shareholder of the Company, Pacific East Limited, has confirmed that it will not demand repayment of its promissory note in the amount of HK$9,500,000 within twelve months from the balance sheet and has agreed to extend the maturity date of the promissory note to 22 May 2006. The ultimate holding company, Maximizer Software Inc., has also confirmed that it will not demand repayment of the amount due to it of approximately HK$6,021,000 within twelve months from the balance sheet date. Furthermore, a party connected to a non-executive director of the Company, Wickham Group Limited, has also agreed that it will