13:14     ZHEJIANG GLASS<00739> - Results Announcement                        

    Zhejiang Glass Company Limited announced on 18/03/2005:                   
    (stock code: 00739 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: RMB                                                             
    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                           : 1,197,746          809,023           
    Profit/(Loss) from Operations      : 390,642            265,179           
    Finance cost                       : (56,249)           (19,966)          
    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       : 205,044            182,175           
    % Change over Last Period          : +12.6     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.354              0.315             
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 205,044            182,175           
    Final Dividend                     : RMB0.0503          RMB0.0948         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 18/04/2005         to 19/05/2005 bdi.
    Payable Date                       : 17/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 18/04/2005         to 19/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    The calculation of the basic earnings per share is based on the Group's   
    profit attributable to shareholders for the year of approximately         
    RMB205,044,000 (2003 - RMB182,175,000) divided by the weighted average    
    number of 578,713,000 ordinary shares in issue during the year            
    (2003 - same).  Fully diluted earnings per share has not been presented   
    as there were no dilutive potential ordinary shares outstanding           
    (2003 - same).