09:01     E-KONG GROUP<00524> - Results Announcement                          

    e-Kong Group Limited announced on 12/04/2005:                             
    (stock code: 00524 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Unqualified                                             
                                                                              
                                                            (Audited   )      
                                         (Audited   )       Last              
                                         Current            Corresponding     
                                         Period             Period            
                                         from 01/01/2004    from 01/01/2003   
                                         to 31/12/2004      to 31/12/2003     
                                   Note  ('000      )       ('000      )      
    Turnover                           : 402,654            402,543           
    Profit/(Loss) from Operations      : (132,938)          (20,599)          
    Finance cost                       : (38)               (157)             
    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       : (131,607)          (19,756)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.28)             (0.04)            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (131,607)          (19,756)          
    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 (-)                                                         
      General Meeting                  : N/A                                  
    Other Distribution for             : N/A                                  
      Current Period                                                          
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Comparative figures                                               
                                                                              
    Certain comparative figures have been reclassified to conform with the    
    current year presentation.                                                
                                                                              
    2.      Turnover :                                                        
                                            Year ended 31 December            
                                            2004            2003              
                                            HK$'000         HK$'000           
    - Continuing operations                 402,654         402,543           
    - Discontinued operations               -               -                 
                                            ---------       ---------         
                                            402,654         402,543           
                                            =========       =========         
    Profit/(Loss) from operations :                                           
                                            Year ended 31 December            
                                            2004            2003              
                                            HK$'000         HK$'000           
    - Continuing operations                 (132,938)       (20,599)          
    - Discontinued operations               -               -                 
                                            ----------      ----------        
                                            (132,938)       (20,599)          
                                            ==========      ==========        
                                                                              
    Due to significant technological and market development in the            
    telecommunications industry, and the outsourcing of certain business      
    processes in the Group's telecommunication operations in the United       
    States, the Group has reviewed the carrying value of certain existing     
    equipment together with related hardware and software to assess on the    
    recoverable value of those assets.  As a result, restructuring costs of   
    HK$100,544,000 have been recognised and included in the loss from         
    continuing operations in the year ended 31 December 2004.                 
                                                                              
    3.      Loss per share                                                    
                                                                              
    The calculation of basic loss per share for the year ended 31 December    
    2004 was based upon the consolidated loss attributable to shareholders of 
    HK$131,607,000 (2003: loss of HK$19,756,000) and on the 470,894,200 (2003:
    470,894,200) ordinary shares in issue during the year.                    
                                                                              
    The fully diluted loss per share for the year ended 31 December 2004 and  
    2003 were not shown because the potential ordinary shares would decrease  
    the loss per share and would be regarded as anti-dilutive.                
                                                                              
    For more details, please refer to the press announcement today.