08:51     SINO TECHNOLOGY<01217> - Results Announcement                       

    Sino Technology Investments Company Limited announced on 21/04/2005:      
    (stock code: 01217 )                                                      
    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  ($         )       ($         )      
    Turnover                           : 792,823            643,803           
    Profit/(Loss) from Operations      : (9,078,931)        (398,369)         
    Finance cost                       : N/A                N/A               
    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       : (9,078,931)        (398,369)         
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0454)           (0.002)           
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (9,078,931)        (398,369)         
    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 Annual                                                      
      General Meeting                  : 24/05/2005         to 30/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      Recently issued accounting standards                              
                                                                              
    The Hong Kong Institute of Certified Public Accountants ("HKICPA") 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 1 January 2005.  The Company has 
    not early adopted these new HKFRSs in the financial statements for the    
    year ended 31 December 2004.  The Company has already commenced an        
    assessment of the impact of these new HKFRSs but is not in a position to  
    state whether these new HKFRSs would have a significant impact on its     
    results of operations and financial position.                             
                                                                              
    2.      Turnover and revenues                                             
                                                                              
    The principal activity of the Company is investment holding.  An analysis 
    of the turnover and revenue of the Company is as follows:                 
                                                    2004            2003      
                                                    HK$             HK$       
    Turnover                                                                  
    Interest on convertible loans receivable        792,823         643,803   
                                                    -----------------------   
    Other revenues                                                            
    Bank interest income                            3,320           43,886    
    Gain on sale of other investments               380,151         247,141   
                                                    -----------------------   
                                                    383,471         291,027   
                                                    -----------------------   
    Total revenues                                  1,176,294       934,830   
                                                    =======================   
                                                                              
    No segment information is presented as the entire turnover, contribution  
    to operating results, assets and liabilities of the Company are           
    attributable to investment activities which are carried out or originated 
    principally in Hong Kong and the PRC.                                     
                                                                              
    Bank interest income and gain on sales of other investments had been      
    included in turnover in prior year.  However, as the principal investment 
    objective of the Company is to achieve medium-term (from 3-5 years)       
    capital appreciation through investment in listed and unlisted companies, 
    bank deposit interest and income from other investment are reclassified to
    other revenues.                                                           
                                                                              
    3.      Loss per share                                                    
                                                                              
    The calculation of basic loss per share is based on the loss attributable 
    to shareholders of HK$9,078,931 (2003 : HK$398,369) and the weighted      
    average number of 199,944,000 (2003 : 199,965,786) ordinary shares in     
    issue.                                                                    
                                                                              
    No diluted loss per share for both years has been presented as the effect 
    of any dilution is anti-dilutive.                                         
                                                                              
    For more details, please refer to the press announcement today.