08:55     HK CHINESE LTD<00655> - Results Announcement                        

    Hongkong Chinese Limited announced on 20/04/2005:                         
    (stock code: 00655 )                                                      
    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  : 1,177,912          617,246           
    Profit/(Loss) from Operations      : (51,509)           121,661           
    Finance cost                       : (4,873)            (4,700)           
    Share of Profit/(Loss) of                                                 
      Associates                       : (5,309)            (6,488)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (64,957)           106,067           
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)    2  : (0.048)            0.079             
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (64,957)           106,067           
    Final Distribution                 : 3 cents            3 cents           
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Distribution               : 03/06/2005         to 10/06/2005 bdi.
    Payable Date                       : 28/06/2005                           
    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.      Turnover                                                          
                                                                              
    Turnover represents the aggregate of gross rental income, gross income on 
    treasury investment which includes interest income on bank deposits and   
    held-to-maturity securities, gross proceeds from sales of investments,    
    gross income from underwriting and securities broking, interest and other 
    income from money lending business, gross income from licensing of        
    software, gross income from fund management, dividend income and net      
    interest income, commissions, dealing income and other revenues from      
    banking subsidiary.                                                       
                                                                              
    2.      Earnings/ (loss) per share                                        
                                                                              
    (a)     Basic earnings/(loss) per share                                   
                                                                              
                    Basic earnings/(loss) per share is calculated based on (i)
    the net loss from ordinary activities attributable to shareholders of HK$ 
    64,957,000 (2003 - profit of HK$106,067,000); and (ii) the weighted       
    average number of 1,346,829,000 shares (2003 - 1,347,972,000 shares) in   
    issue during the year.                                                    
                                                                              
                                                                              
    (b)     Diluted earnings/(loss) per share                                 
                                                                              
                    No diluted earnings/(loss) per share is presented for the 
    years ended 31st December, 2004 and 2003 as there were no dilutive        
    potential ordinary shares during these years.                             
                                                                              
    For more details, please refer to the press announcement today.