08:59     CHIAHSIN CEMENT<00699> - Results Announcement                       

    Chia Hsin Cement Greater China Holding Corporation announced on           
    15/03/2005:                                                               
    (stock code: 00699 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: USD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 81,944             78,012            
    Profit/(Loss) from Operations      : 17,835             21,924            
    Finance cost                       : (3,142)            (2,907)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 14,693             19,017            
    % Change over Last Period          : -22.7     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0129             0.0208            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 14,693             19,017            
    Final Dividend                     : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    B/C Dates for Annual                                                      
      General Meeting                  : 19/05/2005         to 25/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    (1)  Pursuant to a group reorganization in preparing for the              
    listing of the Company set out in the prospectus dated 2 December 2003    
    issued by the Company, the Company became the holding company of the other
    companies  comprising the Group on 26 November 2003. Since the            
    organization is regarded as a continuing entity, the financial results    
    presented within the two periods have been prepared using the principles  
    of merger accounting on the basis of the International Financial Reporting
    Standards.                                                                
                                                                              
    (2)  Turnover for the period is approximately USD81,944,000,              
    all of which was from continuing operations.                              
                                                                              
    (3)  Profit for the period is approximately USD14,693,000, all of         
    which was from continuing operations.                                     
                                                                              
    (4)  Compared to the result for the last corresponding period,            
    profit for the current period decreased by 22.7%. it is mainly due to the 
    decrease of the gross profit margin and the increase of distribution cost 
    by approximately USD1,513,000 due to enhancement of the sales network, the
    formation of work team and strengthening of customer services, in order to
    cater for future development.                                             
                                                                              
    (5)  The calculation of the basic EPS is based on the profit for          
    the year ended 31 December 2004 of approximately USD14,693,000 and on 1,  
    142,900,000 ordinary shares in issue throughout the year. As there is no  
    diluted factors, diluted EPS is not presented.                            
                                                                              
    For more details, please refer to the press announcement today.