13:26     HIGH FASHION<00608> - Results Announcement                          

    High Fashion International Limited announced on 18/04/2005:               
    (stock code: 00608 )                                                      
    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                           : 1,964,018          1,917,911         
    Profit/(Loss) from Operations      : 74,430             60,148            
    Finance cost                       : (24,360)           (26,370)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 0                  0                 
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 1,441              1,486             
    Profit/(Loss) after Tax & MI       : 72,400             33,266            
    % Change over Last Period          : +118      %                          
    EPS/(LPS)-Basic (in dollars)       : 0.220              0.102             
             -Diluted (in dollars)     : 0.216              0.101             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 72,400             33,266            
    Final Dividend                     : 5.0 cents          3.0 cents         
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 24/05/2005         to 31/05/2005 bdi.
    Payable Date                       : 10/06/2005                           
    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. Earnings per share                                                     
                                                                              
    The calculation of basic and diluted earnings per share for the year ended
    31 December 2004 together with the comparative figures for 2003 are       
    calculated as follows:                                                    
                                                                              
                                                   2004            2003       
                                                   -------         -------    
                                                   HK$'000         HK$'000    
                                                                              
    Profit for the purpose of basic and diluted                               
     earnings per share                             72,400          33,266    
                                                   -------         -------    
                                                                              
    Weighted average number of ordinary shares for                            
     the purpose of basic earnings per share   328,635,730     325,520,564    
                                                                              
    Effect of dilutive potential ordinary shares                              
     assumed exercise of share options          6,069,967        5,019,197    
                                               -----------     -----------    
    Weighted average number of ordinary shares for                            
     the purpose of diluted earnings per share 334,705,697     330,539,761    
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