08:33     MAYER HOLDINGS<01116> - Results Announcement                        

    Mayer Holdings Limited announced on 24/03/2005:                           
    (stock code: 01116 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: RMB                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (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                           : 941,577            654,273           
    Profit/(Loss) from Operations      : 65,535             44,102            
    Finance cost                       : (5,375)            (3,272)           
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 41,229             29,444            
    % Change over Last Period          : +40       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.12               0.10              
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 41,229             29,444            
    Final Dividend                     : RMB 3 cents        N/A               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 28/04/2005         to 29/04/2005 bdi.
    Payable Date                       : 13/05/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 28/04/2005         to 29/04/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Listing date                                                      
                                                                              
    The shares of the Company were listed on the Main Board of The Stock      
    Exchange of Hong Kong Limited (the "Stock Exchange") on 21 June 2004      
                                                                              
    2.      Basis of presentation of results                                  
                                                                              
    The Hong Kong Institute of Certified Public Accountants ("HKICPA")        
    has issued a number of new Hong Kong Financial Reporting Standards and    
    Hong Kong Accounting Standards, herein collectively referred to as the new
    HKFRSs, which are generally effective for accounting periods beginning on 
    or after 1 January 2005. The Group has not early adopted these new HKFRSs 
    in the financial statements for the year ended 31 December 2004. The Group
    has already commenced 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.   
                                                                              
    The financial statements have been prepared under the historical          
    cost convention and in accordance with accounting principles generally    
    accepted in Hong Kong and comply with accounting standards issued by      
    HKICPA.                                                                   
                                                                              
    3.      The basis of calculation for basic EPS and diluted EPS            
                                                                              
    The calculation of the basic earnings per share is based                  
    on the net profit from ordinary activities attributable to shareholders   
    for the year of approximately RMB41,229,000 (2003: RMB29,444,000) and the 
    weighted average of 353,150,685 (2003: 300,000,000) shares in issue during
    the year.                                                                 
                                                                              
    The weighted average number of shares used to calculate the basic         
    earnings per share for the year ended 31 December 2003 included the pro   
    forma issued share capital of the Company, comprising one share issued at 
    par upon incorporation of the Company, one share issued for the           
    acquisition of the entire issued share capital of Bamian Investments Pte  
    Ltd. and the capitalisation issue of 299,999,998 shares of the Company.   
                                                                              
    The weighted average number of shares used to calculate the basic         
    earnings per share for the year ended 31 December 2004 also includes      
    additional 100,000,000 shares issued upon the listing of the shares of the
    Company on 21 June 2004.                                                  
                                                                              
    There were no potential dilutive shares in existence for the year         
    ended 31 December 2004 and 2003, and accordingly, no diluted earnings per 
    share amount has been presented.                                          
                                                                              
    For more details, please refer to the press announcement today.