13:45     CHINA ELECTRON<00085> - Results Announcement (2)                    

                                                                              
    2. LOSS PER SHARE                                                         
                                                                              
    Under the reverse acquisition method of accounting, the 6,500,000,000     
    ordinary shares issued by the Company to acquire the 65% equity interest  
    in Sang Fei are deemed to have been in issue on 1 January 2003 for the    
    purpose of computing the 2003 earnings per share.                         
                                                                              
    The calculation of the basic (loss)/earnings per share is based on the    
    Group's loss attributable to shareholders for the year ended 31 December  
    2004 of HK$19,263,000 (2003: profit HK$38,506,000) and the weighted       
    average of 7,086,556,066 (2003: 6,500,000,000 ordinary shares deemed to   
    have been in issue on 1 January 2003) ordinary shares in issue during the 
    year.