09:04     Share Buyback Notifications (SBN)                                   

    The Stock Exchange of Hong Kong Limited has received notifications from   
    the following companies regarding the repurchase of ordinary shares as    
    follows:-                                                                 
                                                                              
                                    No. of                                    
    Name of Company      Date of    Securities  Highest Price  Lowest Price   
    (Stock Code)         Repurchase Repurchased per Share      per Share      
    -------------------- ---------- ----------- -------------- -------------- 
    PLASMAGENE           25/02/2005 112,000     HKD 0.24       HKD 0.238      
    BIOSCIENCES LIMITED                                                       
     (8250)                                                                   
                                                                              
                                                                              
    The Group Reorganisation involved companies under common                  
    control, and for accounting purposes, the Company and its                 
    acquired subsidiaries are regarded and accounted for as a                 
    continuing group. Accordingly, the consolidated financial                 
    statements have been prepared using the merger basis of                   
    accounting as if the Company had always been the holding                  
    company of the Group. On this basis, the Company has been                 
    treated as the holding company of its subsidiaries for the                
    financial years presented or since their dates of                         
    incorporation if these are shorter periods, rather than from              
    the subsequent date of acquisition of the subsidiaries.                   
                                                                              
    All significant transactions and balances within the Group                
    have been eliminated on consolidation.                                    
                                                                              
    2. Segment Information                                                    
                                                                              
    During the year, the Group was principally engaged in the                 
    manufacture, retail and wholesale of jewellery products in                
    Hong Kong, and over 90% of the Group's revenue, results,                  
    assets and liabilities were derived from Hong Kong.                       
    Accordingly, no business or geographical segment information              
    is presented.                                                             
                                                                              
    3. Turnover                                                               
                                                                              
    Turnover represents the net invoiced value of goods sold,                 
    after allowances for returns and trade discounts. All                     
    significant intra-group transactions have been eliminated on              
    consolidation.                                                            
                                                                              
    4. Tax                                                                    
                                           Group                              
                                   2004               2003                    
                                 HK$'000             HK$'000                  
    Current - Hong Kong                                                       
      Charge for the year           -                   -                     
      Overprovision                 -                  (33)                   
                                 ________             ________                
    Total tax credit for the year   -                  (33)                   
                                                                              
    No provision for Hong Kong profits tax has been made for the              
    year as companies within the Group have no assessable profits             
    or have accumulated tax losses brought forward which exceed               
    the estimated assessable profits for the year.                            
                                                                              
    5. Earnings/(Loss) Per Share                                              
                                                                              
    (a) Basic earnings/(loss) per share                                       
                                                                              
    The calculation of basic earnings/(loss) per share is based on            
    the net profit from ordinary activities attributable to                   
    shareholders for the year of HK$576,000 (2003: net loss of                
    HK$5,049,000) and the weighted average of 128,421,000 shares              
    of the Company (2003: 124,072,000 shares of the Company,                  
    calculated based on the assumption that the Group                         
    Reorganisation as further detailed in note 1 to the financial             
    statements had been completed on 1 January 2003).                         
                                                                              
    (b) Diluted earnings/(loss) per share                                     
    The calculation of diluted basic earnings/(loss) per share is             
    based on the net profit from ordinary activities attributable             
    to shareholders for the year of HK$576,000 and the weighted               
    average number of ordinary shares used in the calculation is              
    128,421,000 ordinary shares in issue during the year and the              
    weighted average of 6,122,000 ordinary shares assumed to have             
    been issued at no consideration on the deemed exercise of all             
    share options during the year.                                            
                                                                              
    No diluted loss per share has been presented for the year                 
    ended 31 December 2003 as the outstanding share options had an            
    anti-dilutive effect on the basic loss per share for the year.