08:58     NANYANG HOLD<00212> - Results Announcement (3)                      

    (b)     Secondary reporting format - geographical segments                
                                                                              
    The Group's three main business segments operate in the following main    
    geographical areas:                                                       
                                                                              
    People's Republic of China (including Hong Kong) - textile, property and  
    investment                                                                
    United States of America, Europe and Southeast Asia - investment          
    There are no sales or other transactions between the geographical         
    segments.                                                                 
                                                                              
                                                            Segment           
                                            Turnover        results           
                                            2004            2004              
                                            HK$million      HK$million        
                                                                              
            People's Republic of China      47.7             6.8              
              (including Hong Kong)                                           
            United States of America        13.3            12.7              
            Europe                           6.7             6.3              
            Southeast Asia                  (0.5)           (0.3)             
            Other countries                  4.5             4.3              
                                            -----------------------           
                                            71.7            29.8              
                                            =======================           
                                                                              
                                                            Segment           
                                            Turnover        results           
                                            2003            2003              
                                            HK$million      HK$million        
                                                                              
            People's Republic of China      49.6             2.4              
              (including Hong Kong)                                           
            United States of America        34.6            33.2              
            Europe                          11.3            10.8              
            Southeast Asia                   6.8            (1.3)             
            Other countries                  3.1             3.0              
                                          ------------------------            
                                           105.4            48.1              
                                          ========================            
                                                                              
    3       Operating profit                                                  
                                            2004            2003              
                                            HK$million      HK$million        
            Operating profit is stated after                                  
              charging the following:                                         
                                                                              
            Depreciation                    0.4             0.6               
            Impairment of non-trading investment                              
                                              -             1.3               
                                            ======================            
                                                                              
    4       Finance Costs                                                     
                                            2004            2003              
                                            HK$million      HK$million        
            Interest on bank loans and overdrafts                             
                                            0.1             0.1               
                                            =====================             
                                                                              
    5       Taxation                                                          
    Hong Kong profits tax has been provided at the rate of 17.5% (2003 : 17.5 
    %) on the estimated assessable profit for the year.  Taxation on overseas 
    profits has been calculated on the estimated assessable profit for the    
    year at the rates of taxation prevailing in the countries in which the    
    Group operates.                                                           
                                                                              
    The amount of taxation charged to the consolidated profit and loss account
    represents:                                                               
                                            2004            2003              
                                            HK$million      HK$million        
            Company and subsidiaries:                                         
              Hong Kong profits tax         0.5             0.4               
              Overprovision in prior years    -            (0.4)              
            Deferred taxation relating to the origination                     
                                            0.9             0.2               
              and reversal of temporary differences                           
            Increase in deferred taxation liabilities due to change in tax    
    rate                                      -             0.6               
                                            ---------------------             
                                            1.4             0.8               
            Share of overseas taxation attributable to                        
                                            1.1             1.3               
              jointly controlled entities                                     
                                            ---------------------             
                                            2.5             2.1               
                                            =====================             
                                                                              
    6       Earnings Per Share                                                
                                                                              
    The calculation of earnings per share is based on the profit for the year 
    of HK$37.1 million (2003 : HK$56.4 million) and the weighted average      
    number of shares in issue during the year of 45,381,270 (2003 :           
    46,074,099).                                                              
                                                                              
    For more details, please refer to the press announcement today.