08:56     CHINA ASSETS<00170> - Results Announcement (2)                      

            Charging                                                          
                                                                              
            Included in administrative expenses                               
            Auditors' remuneration                                            
            - Current year                  99,820          101,320           
            - Over provision in previous years                                
                                            -               (5,529)           
            Write off of receivable/provision for doubtful debts              
                                            400,000         500,000           
            Staff cost (excluding director's remuneration)                    
                                            13,140          -                 
                                                                              
            Included in other operating expenses                              
            Provision for impairment of an unlisted investment                
                                            9,774,112       -                 
            Loss on disposal of an unlisted investment                        
                                            -               823,727           
                                    ================        =============     
                                                                              
    For more details, please refer to the press announcement today.