08:51     MANDARIN ENT<00009> - Results Announcement                          

    Mandarin Entertainment (Holdings) Limited announced on 19/04/2005:        
    (stock code: 00009 )                                                      
    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                           : 53,192             58,535            
    Profit/(Loss) from Operations      : (41,137)           1,273             
    Finance cost                       : (751)              (513)             
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                N/A               
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : (321)              1,084             
    Profit/(Loss) after Tax & MI       : (56,269)           551               
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.1705)           0.0017            
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (56,269)           551               
    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.      GENERAL                                                           
                                                                              
    The Company was incorporated in Bermuda on 9th May, 2001 as an exempted   
    company with limited liability and its shares are listed on The Stock     
    Exchange of Hong Kong Limited (the "Stock Exchange").                     
                                                                              
    The Company is an investment holding company.                             
                                                                              
                                                                              
    2.      (LOSS) PROFIT FROM OPERATIONS                                     
                                                    2004            2003      
                                                    HK$'000         HK$'000   
            (Loss) profit from operations has                                 
               been arrived at after charging:                                
                                                                              
            Directors' emoluments                   3,146           4,274     
            Other staff costs                       11,492          11,318    
                                                    -----------------------   
            Total staff costs                       14,638          15,592    
                                                    -----------------------   
            Auditors' remuneration                  878             820       
                                                                              
            Depreciation and amortisation                                     
            - property, plant and equipment         2,301           2,274     
            - goodwill                              300             300       
            - film rights                           720             -         
                                                                              
            and after crediting:                                              
                                                                              
            Interest income                         36              36        
                                                    =======================   
                                                                              
    3.      (LOSS) EARNINGS PER SHARE                                         
                                                                              
    The calculation of the basic (loss) earnings per share for the year is    
    based on the net loss for the year of HK$56,269,000 (2003: net profit of  
    HK$551,000) and on 330,000,000 shares in issue during both years.         
                                                                              
    For more details, please refer to the press announcement today.