16:28     CHINASOFT<08216> - Yearly Results Announcement (1)                  

                                                                              
    Chinasoft International Limited announced on 23/3/2005:                   
    (stock code: 08216 )                                                      
                                                                              
    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 1/1/2004     from 1/1/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                   RMB'000           RMB'000  
                                                                              
    Turnover                              :        293,896           166,055  
    Profit/(Loss) from Operations         :         41,292            31,459  
    Finance cost                          :           (104)             (497) 
    Share of Profit/(Loss) of Associates  :          1,249                 0  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :         35,533            24,117  
    % Change Over the Last Period         :         +47.34%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     RMB 0.0537        RMB 0.0427  
              Diluted (in dollar)         :     RMB 0.0532        RMB 0.0426  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :         35,533            24,117  
    Final Dividends per Share             :        HKD0.01           HKD0.01  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for Final Dividends         :25/04/2005   to 28/04/2005   bdi.  
    Payable Date                          :     05/05/2005                    
    B/C Dates for Annual General Meeting  :25/04/2005   to 28/04/2005   bdi.  
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    Chinasoft International Limited                                           
                                                                              
    Signature :                                                               
    Name      : Mr. Fok Ming Fuk                                              
    Title     : Company Secretary                                             
                                                                              
    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 PRESENTATION                                                  
                                                                              
       The financial statements of the Group have been prepared in            
       accordance with Statements of Standard Accounting Practice issued      
       by the Hong Kong Institute of Certified Public Accountants,            
       accounting principles generally accepted in Hong Kong and              
       the Rules Governing the Listing of Securities on GEM.                  
                                                                              
    2. TURNOVER                                                               
       Turnover, which is stated net of valued-added tax and other sales      
       tax and returns, represents amounts invoiced to customers, except      
       in respect of provision of solutions services and IT outsourcing       
       services where turnover represents the value of work done during       
       the year, including amounts not yet invoiced.                          
                                                                              
    3. TAXATION                                                               
       Pursuant to an approval document issued by the State Bureau of         
       Beijing Haidian District dated 21st November, 2000, Beijing            
       Chinasoft International Information Technology Limited                 
       ("Beijing Chinasoft"), a major operating subsidiary of the             
       Group, has been designated as advanced technology enterprise           
       and is entitled to the three year's exemption from income              
       tax followed by three years of 50% tax reduction commencing            
       the tax followed by three years of 50% tax reduction                   
       commencing the first-profit-making year with effect from 2000.