08:49     FU CHEONG INT'L<00916> - Results Announcement                       

    Fu Cheong International Holdings Ltd announced on 18/04/2005:             
    (stock code: 00916 )                                                      
    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  ('000      )       ('000      )      
    Turnover                           : 20,166             32,430            
    Profit/(Loss) from Operations      : (11,366)           (84,929)          
    Finance cost                       : N/A                (212)             
    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       : (13,716)           (86,470)          
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)    I  : (0.0114)           (0.072)           
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss) II : 0                  N/A               
    Profit/(Loss) after ETD Items      : (13,716)           (86,470)          
    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:                                                                  
                                                                              
                                                                              
    I.      LOSSES PER SHARE                                                  
                                                                              
    The calculation of basic earnings per share is based on the loss from     
    ordinary activities attributable to shareholders for the year ended 31    
    December 2004 of HK$13,716,000 (2003: HK$86,470,000), and the weighted    
    average number of 1,200,000,000 (2003: 1,200,000,000) ordinary shares in  
    issue during the year.                                                    
                                                                              
    II.     CONTINGENT LIABILITIES                                            
                                                                              
    EXTRAORDINARY INCOME                                                      
    Deferred tax written back from subsidiary               HK$24,821         
    EXTRAORINARY EXPENSE                                                      
    Provision for contingent liabilities                    HK$(24,821)       
                                                                              
    The Company has disposed its subsidiaries.  All tax liabilities under     
    dispute provided for by the subsidiary company were written back as       
    extraordinary income, however, the company indemnify the buyer of the     
    subsidiary company for all losses or claims from third parties, such tax  
    liabilities were fully provided for in these financial statements.        
                                                                              
    For more details, please refer to the press announcement today.