08:59     FIRST MOBILE<08110> - Yearly Results Announcement (2)               

                                                                              
        31st December, 2004.  The Group has already commenced                 
        an assessment of the impact of these new HKFRSs but is                
        not yet in a position to state whether these new HKFRSs               
        would have a significant impact on its results of                     
        operations and financial position.                                    
                                                                              
    2.  Taxation                                                              
                                                                              
    (i). Hong Kong profits tax has been provided at the                       
         rate of 17.5% on the estimated assessable                            
         profits for the year ended 31st December, 2004.                      
                                                                              
    (ii). Taxation on overseas profits has been calculated                    
          on the estimated assessable profits for the year                    
          ended 31st December, 2004 at the rates of                           
          taxation prevailing in the countries in which                       
          the Group operates.                                                 
                                                                              
    3.   Dividend                                                             
                                                                              
         At a meeting of board of Directors, the Directors                    
         have proposed a final dividend of HK0.5 cent per                     
         share payable to members subject to approval of                      
         such final dividend in the forthcoming Annual                        
         General Meeting to be held on 26th April, 2005.                      
         If the dividend is approved in the said Annual                       
         General Meeting, such dividend will be payable on                    
         26th May, 2005 to members whose names are on the                     
         register of members of the Company on 26th April, 2005.              
                                                                              
         The register of members of the Company will be                       
         closed from Wednesday, 20th April, 2005 to Tuesday,                  
         26th April, 2005, both days inclusive, during which                  
         period no transfer of shares may be registered.  In                  
         order to qualify for the proposed final dividend,                    
         all transfer documents accompanied by the relevant                   
         share certificates must be lodged with the Company's                 
         branch share registrar in Hong Kong, Abacus Share                    
         Registrars Limited at G/F, Bank of East Asia Harbour                 
         View Centre, 56 Gloucester Road, Wanchai, Hong Kong                  
         for registration, not later than 4:00 p.m. on Tuesday,               
         19th April, 2005.                                                    
                                                                              
    4.   Earnings per share                                                   
                                                                              
         Basic earnings per share for the year is calculated                  
         based on the profit attributable to shareholders                     
         of HK$63,072,000 (2003 : HK$55,444,000) and on                       
         the weighted average number of 1,945,696,565                         
         (2003 : 1,945,696,565) shares in issue during                        
         the year.                                                            
                                                                              
         Diluted earnings per share is not presented                          
         as the Company has no dilutive potential                             
         shares as at 31st December, 2004 (2003 : Not                         
         applicable).