13:14     BENEFUN INT'L<01130> - Results Announcement                         

    Benefun International Holdings Limited announced on 18/03/2005:           
    (stock code: 01130 )                                                      
    Year end date: 30/06/2005                                                 
    Currency: HKD                                                             
    Auditors' Report: N/A                                                     
    Interim report reviewed by: Both Audit Committee and Auditors             
                                                                              
                                                            (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                           : 103,978            94,034            
    Profit/(Loss) from Operations      : 5,617              2,872             
    Finance cost                       : (231)              (380)             
    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       : 2,778              1,263             
    % Change over Last Period          : +120      %                          
    EPS/(LPS)-Basic (in dollars)       : 0.0023             0.0012            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 2,778              1,263             
    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:                                                                  
                                                                              
                                                                              
    Basic earning per share                                                   
                                                                              
    The calculation of basic earnings per share is based on the consolidated  
    profit attributable to shareholders of $2,778,000 (2003: $1,263,000)      
    divided by the weighted average of 1,194,972,000 ordinary shares (2003:   
    1,029,375,000 ordinary shares) in issue during the period.  Diluted figure