09:20     CIL HOLDINGS<00479> - Results Announcement (2)                      

            By geographical locations:                                        
                                                                              
                                                                              
            The Hong Kong Special Administrative Region ("Hong Kong")         
                    27,968          15,250             655          1,258     
            Other parts in the People's Republic of China ("PRC")             
                    38,075          18,900             891          1,560     
                    ------------------------------------------------------    
                                                                              
                    66,043          34,150           1,546          2,818     
                    -----------------------                                   
            Other group expenses net of other income                          
                                                                              
                                                    (5,125)        (6,562)    
            Write-back of provision for doubtful debt                         
                                                                              
                                                    20,064              -     
                                                    -----------------------   
                                                                              
                                                    16,485         (3,744)    
                                                    =======================   
    2.      EARNINGS / (LOSS) PER SHARE                                       
                                                                              
    Calculation of basic earnings per share for the period ended 31 December  
    2004 is based on the profit attributable to shareholders of approximately 
    HK$15,750,000 (2002: HK$4,451,000) and on 6,174,916,922 (2002: 6,174,916, 
    922) ordinary shares in issue during the period.                          
                                                                              
    No diluted earnings / loss per share is shown for 2004 and 2003           
    respectively as there were no dilutive potential ordinary shares in issue 
    during both periods.                                                      
                                                                              
    For more details, please refer to the press announcement today.