08:54     SHINE HOLDINGS<08270> - Yearly Results Announcement (1)             

                                                                              
    SHINE SOFTWARE (HOLDINGS) LIMITED  announced on 22/03/2005:               
    (stock code: 08270 )                                                      
                                                                              
    Year end date                         :31/12/2004                         
    Currency                              :RMB                                
    Auditors' report                      :Unqualified                        
                                                                              
                                                                              
    Important Note :                                                          
                                                                              
    This result announcement form only contains extracted information from    
    and should be read in conjunction with the detailed results announcement  
    of the issuer, which can be viewed on the GEM website at                  
    http://www.hkgem.com                                                      
                                                                              
                                                 (Audited)         (Audited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/01/2004   from 01/01/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :         17,985            16,287  
    Profit/(Loss) from Operations         :            891               141  
    Finance cost                          :              0                 0  
    Share of Profit/(Loss) of Associates  :              0                 0  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :              0                 0  
    Profit/(Loss) after Taxation & MI     :            233               708  
    % Change Over the Last Period         :         -67.09%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     RMB 0.0005        RMB 0.0018  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :            233               708  
    Final Dividends per Share             :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for Final Dividends         :            N/A                    
    Payable Date                          :            N/A                    
    B/C Dates for (-) General Meeting     :            N/A                    
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    SHINE SOFTWARE (HOLDINGS) LIMITED                                         
                                                                              
    Signature :                                                               
    Name      : GU Yun                                                        
    Title     : Chairperson                                                   
                                                                              
    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. Reorganisation                                                         
                                                                              
    The Company was incorporated in the Cayman Islands on 15th July           
    2002 as an exempted company with limited liability under the              
    Companies Law, Cap 22 (Law 3 of 1961, as consolidated and revised)        
    of the Cayman Islands. The Company became the holding company of the      
    Group on 17th June 2003 through a group reorganisation (the               
    "Reorganisation") to rationalise the Group's structure in preparation     
    for the public listing of the Company's shares on the Growth Enterprise   
    Market (the "GEM") of The Stock Exchange of Hong Kong Limited (the        
    "Stock Exchange"). The Company acquired by share exchange the             
    entire share capital of Shine Science & Technology (BVI) Limited ("Shine  
    Science BVI"), the then holding company of the subsidiaries included in   
    the Reorganisation, and hereby became the holding company of the          
    companies now comprising the Group.                                       
                                                                              
    Further details of the Reorganisation are set out in the prospectus       
    dated 4th August 2003 issued by the Company. The shares of the            
    Company were listed on the GEM of the Stock Exchange with effect          
    from 12th August 2003.