08:42     Q9 TECHNOLOGY<08129> - Yearly Results Announcement (1)              

                                                                              
    Q9 Technology Holdings Limited announced on 18/03/2005:                   
    (stock code: 08129 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
    Important Note:                                                           
                                                                              
    This result announcement form only contain extracted information          
    from and should be read in conjunction with the detailed results          
    announcement of the issuer, which can be view on the GEM website          
    at http://www.hkgem.com                                                   
                                                                              
                                                            (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                           : 6,683              9,705             
    Profit/(Loss) from Operations      : (7,784)            (4,609)           
    Finance cost                       : (32)               0                 
    Share of Profit/(Loss) of                                                 
      Associates                       : 0                  (454)             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (7,816)            (4,807)           
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0063)           (0.0039)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (7,816)            (4,807)           
    Final Dividend                     : N/A                N/A               
      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 (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
                                                                              
            For and on behalf of                                              
            Q9 Technology Holdings Limited                                    
                                                                              
    Name :  Tam Kam Biu William                                               
    Title : Chief Financial Officer                                           
                                                                              
    Responsibility statement                                                  
                                                                              
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for       
    the accuracy of the information contained in this results announcement    
    form (the "Information") and confirm, having made all reasonable          
    inquiries, that to the best of their knowledge and belief the             
    Information are accurate and complete in all material respects and        
    not misleading and that there are no other matters the omission of        
    which would make the Information herein inaccurate or misleading. The     
    Directors acknowledge that the Stock Exchange has no responsibility       
    whatsoever with regard to the Information and undertake to indemnify      
    the Exchange against all liability incurred and all losses suffered       
    by the Exchange in connection with or relating to the Information.        
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1. Basis of preparation and principal accounting policy                   
                                                                              
    The financial statements are prepared in accordance with and              
    comply with all applicable Hong Kong Financial Reporting                  
    Standards issued by the Hong Kong Institute of Certified Public           
    Accountants.  The financial statements are prepared under the             
    historical cost convention as modified by the revaluation of              
    short term investments.                                                   
                                                                              
    2. Turnover                                                               
                                                                              
    The Group recorded turnover of HK$6,683,000 for the year ended            
    31st December 2004, representing a decrease of 31.1% from the             
    previous year.                                                            
                                                                              
    The Group recorded HK$3,498,000 of OEM licensing revenue for the          
    year 2004, representing a decrease of 37.0% from the previous             
    year.  OEM licensing revenue for the year 2004 represents about           
    52.3% of turnover for the year, as compared to 57.2% in the year          
    of 2003.  Q9 CIS and Qcode CIS package sales and software