09:03     GLORY MARK<08159> - Yearly Results Announcement (2)                 

                                                                              
    The share of result of an associate represented the result of             
    Feng Hua Advanced Technology (HK) Limited ("Feng Hua").                   
    In August 2004, the Group realised the entire interest in                 
    Feng Hua, for consideration of HK$647,000 at a loss                       
    of HK$670,000.                                                            
                                                                              
    4. Profit after Taxation & MI is derived from:                            
                                                                              
    Profit from operations:                                                   
    (1-12/2004: HK$19,196,000; 1-12/2003: HK$22,745,000)                      
                                                                              
    Loss on disposal of an associate:                                         
    (1-12/2004: HK$670,000; 1-12/2003: -)                                     
                                                                              
    Share of result of an associate:                                          
    (1-12/2004: HK$47,000; 1-12/2003: -HK$32,000)                             
                                                                              
    Taxation:                                                                 
    (1-12/2004: HK$1,905,000; 1-12/2003: HK$1,477,000)                        
                                                                              
    Profit after taxation:                                                    
    (1-12/2004: HK$16,663,000; 1-12/2003: HK$21,236,000)                      
                                                                              
    5. Dividend                                                               
                                                                              
    The final dividend of HK$1.5 cents (2003: HK$1.5 cents)per share          
    has been proposed by the Directors and is subject to approval             
    by the shareholders' approval at the forthcoming annual                   
    general meeting.                                                          
                                                                              
    6. Earnings per share                                                     
                                                                              
    The calculation of basic earnings per share for the year                  
    is based on the the profit for the year of HK$16,663,000                  
    (2003: HK$21,236,000) and on 320,000,000 (2003: 320,000,000)              
    shares in issue.                                                          
                                                                              
    No dilutive earnings per share has been presented                         
    because the exercise price of the Company's share                         
    options was higher than the average market price for                      
    the shares in both years.