09:01     TECHTRONIC IND<00669> - Results Announcement (3)                    

                                                                              
    5.      Share Subdivision                                                 
                                                                              
    On 28th May, 2004, ordinary resolutions were passed by the shareholders of
    the Company to approve the increase (the "Increase") in the authorised    
    share capital of the Company to HK$240,000,000 and the subdivision (the " 
    Share Subdivision") of each issued and unissued shares of HK$0.20 in the  
    authorised share capital into two ordinary shares of HK$0.10 each.  The   
    Increase and the Share Subdivision became effective on 28th and 31st May, 
    2004 respectively.                                                        
                                                                              
    6.      Dividends                                                         
                                                                              
    The 2003 final dividend declared at HK 17.75 cents per existing share is  
    adjusted to HK 8.875 cents per Subdivided share respectively.             
                                                                              
    7.      Earnings per Share                                                
                                                                              
    The calculation of the basic and diluted earnings per share is based on   
    the following data:                                                       
                                                                              
                                            2004            2003              
                                            HK$'000         HK$'000           
    Earnings for the purposes of basic                                        
      and diluted earnings per share :                                        
                                                                              
        Profit for the year                 937,540         673,973           
                                            ===========     ==========        
    Weighted average number of ordinary                                       
      shares for the purposes of basic                                        
      earnings per share (Note 1)           1,337,198,995   1,307,261,026     
                                                                              
    Effect of dilutive potential ordinary                                     
      shares:                                                                 
            Share options                   38,266,686      30,652,466        
            Convertible bonds (Note 2)      -               N/A               
                                            --------------- ---------------   
    Weighted average number of ordinary                                       
      shares for the purposes of diluted                                      
      earnings per share  (Note 1)          1,375,465,681   1,337,913,492     
                                            =============== ================  
                                                                              
    Note 1: The weighted average number of ordinary shares for the purpose of 
    basic earnings per share and diluted earnings per share for the year ended
    31st December, 2003 have been adjusted for the Share Subdivision on 28th  
    May, 2004.                                                                
                                                                              
    Note 2: The computation of diluted earnings per share does not assume the 
    conversion of convertible bonds since the exercise price of the           
    convertible bonds was higher than the average market price of the shares  
    of the Company throughout the period.                                     
                                                                              
    For more details, please refer to the press announcement today.