08:59     VICTORY GROUP<01139> - Results Announcement                         

    Victory Group Limited announced on 08/04/2005:                            
    (stock code: 01139 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Qualified                                               
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ($         )       ($         )      
    Turnover                           : 2,240,000          5,216,000         
    Profit/(Loss) from Operations      : 1,642,000          (3,623,000)       
    Finance cost                       : (1,633,000)        (1,422,000)       
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 9,000              (5,072,000)       
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.00001            (0.01776)         
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 9,000              (5,072,000)       
    Final Dividend                     : NIL                NIL               
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : N/A                                  
    Payable Date                       : N/A                                  
    B/C Dates for Annual                                                      
      General Meeting                  : 13/05/2005         to 18/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    (1) Turnover                                                              
    These amounts include the trading of automotive products, rental income   
    and other immaterial income.                                              
                                                                              
                                                                              
    (2) Profit/(Loss) from Operations                                         
                                                                              
    These amounts reflect the profit/loss from operation before finance cost. 
                                                                              
                                                                              
    (3) EPS / (LPS) - Basic                                                   
                                                                              
    The calculation of basic earnings per share was based on the net profit   
    attributable to shareholders for the year of HK$9,000 (net loss           
    attributable to shareholders in 2003: HK$5,072,000) and the weighted      
    average of 866,102,000 (2003: 285,535,000) ordinary shares in issue during
    the year.                                                                 
                                                                              
    Diluted earnings or loss per share for both years had not been presented  
    as no diluting events existed during those years.                         
                                                                              
    For more details, please refer to the press announcement today.