13:19     WING SHAN INT'L<00570> - Results Announcement                       

    Wing Shan International Limited announced on 14/04/2005:                  
    (stock code: 00570 )                                                      
    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                           : 740,724            716,489           
    Profit/(Loss) from Operations      : (47,032)           19,140            
    Finance cost                       : (20,892)           (26,436)          
    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       : (55,857)           (17,571)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0673)           (0.0212)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (55,857)           (17,571)          
    Final Dividend                     : NIL                1.5 cents         
      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.      Recently issued accounting standards                              
                                                                              
    The Hong Kong Institute of Certified Public Accountants has issued a      
    number of new and revised Hong Kong Financial Reporting Standards and Hong
    Kong Accounting Standards ("new HKFRSs"), which are effective for         
    accounting periods beginning on or after 1 January 2005.                  
    The Group has not early adopted these new HKFRSs in the accounts for the  
    year ended 31 December 2004. The Group has already commenced an assessment
    of the impact of these new HKFRSs but is not yet in a position to state   
    whether these new HKFRSs would have a significant impact on its results of
    operations and financial position.                                        
                                                                              
    2.      Turnover                                                          
                                                                              
    The principal activity of the Group is the generation and sale of         
    electricity. Turnover represents the invoiced value, net of value added   
    tax, of electricity supplied in Foshan City, Guangdong Province, the      
    People's Republic of China (the "PRC") and additional fuel cost surcharges
    of $12.3 million (2003 : $42.6 million) for electricity supplied,         
    representing an adjustment for tariff of electricity supplied.            
                                                                              
    3.      Transfer to reserves                                              
                                                                              
    In accordance with the accounting principles and financial regulations    
    applicable in the PRC, Shakou JV is required to transfer part of its      
    profit after taxation to the reserve fund and the enterprise development  
    fund. The transfer amounts are determined by Shakou JV's board of         
    directors in accordance with the articles of association and the transfers
    are made before profit distribution to the joint venture partners.        
                                                                              
    4.      Loss per share                                                    
                                                                              
    The calculation of basic loss per share is based on the loss attributable 
    to shareholders of $55,857,000 (2003: $17,571,000) and on the weighted    
    average number of shares in issue during the year of 829,883,228 (2003:   
    829,018,244).                                                             
                                                                              
    The diluted loss per share for the years ended 31 December 2003 and 2004  
    is not shown as all potential ordinary shares are anti-dilutive.