09:06     INNOVIS HOLD<08065> - Yearly Results Announcement (2)               

                                                                              
    The Group resulting from the Reorangisation as defined in note 1 above    
    is regareded as a continuing entity. Accordingly, the financial           
    statements of the Group have been prepared on a merger accounting basis   
    as if the Company had always been the holding company of the ITL Group    
    in accordance with SSAP 27 "Accounting for group reconstruction".         
                                                                              
                                                                              
    3. Dividend                                                               
    No dividend has been paid or declared by any company in the Group         
    during the year ended 31st December, 2004. (2003 : HK$2,000,000)          
    Note: On 30th May, 2003, ITL declared a special dividend in an amount     
    of HK$2,000,000 to its shareholders in proportion to their respective     
    shareholdings on the register of members of ITL at the close of business  
    on 30th May, 2003 as a return to them for their investments in ITL        
    in prior years.                                                           
                                                                              
                                                                              
    4. Earnings per share                                                     
    The computation of the basic earnings per share for the year is based on  
    the profit for the year of approximately HK$20,000 (2003: HK$703,000)     
    the weighted average number of 375,000,000 (2003:344,260,274) shares.     
                                                                              
    The computation of the diluted earnings per share for the year is based   
    on the profit for the year of approximately HK$20,000 (2003: HK$703,000)  
    and on the weighted average number of 381,255,234 (2003: 358,504,020)     
    shares.