09:08     LINEFAN TECH<08166> - Yearly Results Announcement (1)               

                                                                              
    Linefan Technology Holdings Limited announced on 29/03/2005:              
    (stock code: 08166 )                                                      
                                                                              
    Year end date                         :31/12/2004                         
    Currency                              :HKD                                
    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 01/01/2004   from 01/01/2003  
                                             to 31/12/2004     to 31/12/2003  
                                                     $'000             $'000  
                                                                              
    Turnover                              :          6,181            14,421  
    Profit/(Loss) from Operations         :       (34,401)          (31,431)  
    Finance cost                          :           (93)              (77)  
    Share of Profit/(Loss) of Associates  :           (94)           (1,640)  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :        (3,203)                13  
    Profit/(Loss) after Taxation & MI     :       (36,493)          (37,031)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :    (HKD 0.0284)      (HKD 0.0399) 
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :       (36,493)          (37,031)  
    Final Dividends per Share             :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for Final Dividends         :            N/A                    
    Payable Date                          :            N/A                    
    B/C Dates for (-) General Meeting     :            N/A                    
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    Linefan Technology Holdings Limited                                       
                                                                              
    Signature :                                                               
    Name      : Ho Suet Man Stella                                            
    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.  General                                                               
                                                                              
    The Company was incorporated as an exempted company with limited          
    liability in the Cayman Islands under the Companies Law of the Cayman     
    Islands on 30 November 2000.                                              
                                                                              
    Pursuant to a group reorganisation to rationalise the group structure     
    in preparation for the listing of the Company's shares on the Growth      
    Enterprise Market of The Stock Exchange of Hong Kong Limited ("GEM"),     
    the Company became the holding company of the group (the "Group")         
    formed after the completion of the group reorganisation on 24             
    January 2002.                                                             
                                                                              
    The Group resulting from the group reorganisation is regarded as a        
    continuing entity. Accordingly, the financial statements of the Group     
    have been prepared on the merger basis as set out in the Statement of     
    Standard Accounting Practice ("SSAP") 27 "Accounting for group            
    reconstructions" issued by the Hong Kong Institute of Certified Public    
    Accountants.                                                              
                                                                              
    The shares of the Company were listed on the Growth Enterprise Market     
    of the Stock Exchange on 5 February 2002.