08:58     CGD HOLDINGS<00162> - Results Announcement                          

    China Golden Development Holdings Limited announced on 17/03/2005:        
    (stock code: 00162 )                                                      
    Year end date: 30/06/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Audit Committee                               
                                                                              
                                                            (Unaudited )      
                                         (Unaudited )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/07/2004    from 01/07/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 69,554             82,547            
    Profit/(Loss) from Operations      : 33,297             39,377            
    Finance cost                       : (470)              (103)             
    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       : 15,488             18,955            
    % Change over Last Period          : -18.3     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.038              0.046             
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 15,488             18,955            
    Interim Dividend                   : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Interim Dividend                 : N/A                                  
    Payable Date                       : N/A                                  
    B/C Dates for (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1. Comparative figure                                                     
    Turnover amounted to HK$3,558,000 for the six months ended 31st December  
    2003 has been adjusted to conform with the current period's presentation  
    to better reflect the principal activities of the Group.                  
                                                                              
    2. Earnings per share                                                     
    The calculation of basic earnings per share for the six months ended 31st 
    December 2004 was based on the profit attributable to shareholders of     
    approximately HK$15,488,000 (2003: HK$18,955,000) and on the weighted     
    average number of 409,222,500 (2003: 409,222,500) shares in issue during  
    the period.                                                               
                                                                              
    No diluted earnings per share is presented as there were no dilutive      
    potential shares outstanding during the period.                           
                                                                              
    For more details, please refer to the press announcement today.