08:55     ZHONGDA INT'L<00909> - Results Announcement                         

    Zhongda International Holdings Limited announced on 20/04/2005:           
    (stock code: 00909 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: RMB                                                             
    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                           : 217,706            227,517           
    Profit/(Loss) from Operations      : 25,986             21,684            
    Finance cost                       : (5,197)            (3,306)           
    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       : 12,801             11,467            
    % Change over Last Period          : +12       %                          
    EPS/(LPS)-Basic (in dollars)       : 0.032              0.029             
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 12,801             11,467            
    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.       Turnover and profits are all derived from continuing operations. 
                                                                              
    2.   Basis of preparation and accounting policies                         
                                                                              
            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 January 1, 2005.  The Group has  
    not early adopted these new HKFRSs in the financial statements for the    
    year ended December 31, 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.                                                       
                                                                              
    The financial statements have been prepared under the historical cost     
    convention.                                                               
                                                                              
    The financial statements have been prepared in accordance with accounting 
    principles generally accepted in Hong Kong.                               
                                                                              
    3.       Earning per share                                                
                                                                              
    The calculation of earnings per share was based on the profit attributable
    to shareholders of RMB12,801,000 (2003: RMB11,467,000) and the weighted   
    average number of 400,004,000 shares (2003: 400,004,000 shares) in issue  
    during the year.                                                          
                                                                              
    For the purpose of calculating diluted earnings per share, the outstanding
    warrants were considered as potential ordinary shares.  No diluted        
    earnings per share is presented for both the year ended 31st December,    
    2004 and the year ended 31st December, 2003 as the outstanding potential  
    ordinary shares are anti-dilutive for both years.                         
                                                                              
    For more details, please refer to the press announcement today.