13:42     FIRST NATURAL<01076> - Results Announcement (1)                     

    First Natural Foods Holdings Limited announced on 21/04/2005:             
    (stock code: 01076 )                                                      
    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                           : 434,122            378,378           
    Profit/(Loss) from Operations      : 168,905            163,368           
    Finance cost                       : (4,839)            (13,523)          
    Share of Profit/(Loss) of                                                 
      Associates                       : 0                  0                 
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 0                  0                 
    Profit/(Loss) after Tax & MI       : 121,904            110,457           
    % Change over Last Period          : +10.36    %                          
    EPS/(LPS)-Basic (in dollars)       : 0.135              0.135             
             -Diluted (in dollars)     : 0.130              0.133             
    Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
    Profit/(Loss) after ETD Items      : 121,904            110,457           
    Final Dividend                     : HK$0.03 (RMB0.318  HK$0.02 (RMB0.0212
      per Share                          equivalent)        equivalent)       
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 19/05/2005         to 23/05/2005 bdi.
    Payable Date                       : 15/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 19/05/2005         to 23/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    (1)     These financial statements have been prepared in accordance with  
    all applicable Statements of Standard Accounting Practice issued by the   
    Hong Kong Institute of Certified Public Accountants ("HKICPA"), accounting
    principles generally accepted in Hong Kong and the disclosure requirements
    of the Hong Kong Companies Ordinance. These financial statements also     
    comply with the applicable disclosure provisions of the Rules Governing   
    the Listing of Securities on The Stock Exchange of Hong Kong Limited.     
                                                                              
    (2)     The Board of Directors proposed a final dividend of HK$0.03 per   
    share (equivalent to RMB0.0318)(2003 :HK$0.02 per share (equivalent to    
    RMB0.0212) together with bonus shares on 2/100basis) and is subject to the
    approval by the shareholders in annual general meeting on 23 May 2005.    
                                                                              
    (3)     The basic earnings and diluted earnings figures for the period    
    from 1 January 2003 to 31 December 2003 have been restated.  It is due to 
    the issue of bonus issue of the shares 18,009,257 during the period from 1
    January 2004 to 31 December 2004 and treated as if had occurred prior to  
    the beginning of the year ended 31 December 2003, the earliest period     
    reported.                                                                 
                                                                              
    (4)     The calculation of basic earnings per share is based on the profit
    attributable to shareholders of approximately RMB121,904,000 (2003: RMB   
    110,457,000) and the weighted average number of 903,390,000 ordinary      
    shares (2003 (restated): 820,314,000 ordinary shares after adjusting for  
    the bonus shares issued in 2004) in issue during the year.                
                                                                              
    The calculation of diluted earnings per share is based on the profit      
    attributable to shareholders of approximately RMB121,904,000 (2003: RMB   
    110,457,000) and the weighted average number of 934,944,000 ordinary      
    shares (2003 (restated): 829,344,000 ordinary shares after adjusting for  
    the bonus shares issued in 2004) after adjusting for the effects of all   
    dilutive potential shares under the Company's share option scheme and     
    warrants.