13:20     S.A.S. DRAGON<01184> - Results Announcement                         

    S.A.S. Dragon Holdings Limited announced on 22/04/2005:                   
    (stock code: 01184 )                                                      
    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                           : 2,407,088          1,848,307         
    Profit/(Loss) from Operations      : 65,212             42,782            
    Finance cost                       : (12,867)           (10,110)          
    Share of Profit/(Loss) of                                                 
      Associates                       : (89)               (259)             
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : 35,108             23,527            
    % Change over Last Period          : +49.2     %                          
    EPS/(LPS)-Basic (in dollars)       : 0.1497             0.1022            
             -Diluted (in dollars)     : 0.1497             0.1022            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : 35,108             23,527            
    Final Dividend                     : 4 cents            2 cents           
      per Share                                                               
    (Specify if with other             : N/A                N/A               
      options)                                                                
                                                                              
    B/C Dates for                                                             
      Final Dividend                   : 23/05/2005         to 25/05/2005 bdi.
    Payable Date                       : 01/06/2005                           
    B/C Dates for Annual                                                      
      General Meeting                  : 23/05/2005         to 25/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
                                                                              
    1.      BASIS OF PRESENTATION                                             
                                                                              
    The accounting policies adopted in preparing these audited consolidated   
    financial statements are consistent with those followed in preparing the  
    Group's annual financial statements for the year ended 31 December 2003.  
                                                                              
                                                                              
    2.      EARNINGS PER SHARE                                                
                                                                              
    The calculation of the basic and diluted earnings per share for the year  
    is based on the following data:                                           
                                                                              
                                                            2004    2003      
                                                            HK$'000 HK$'000   
    Earnings for the purposes of basic and diluted                            
      earnings per share                                                      
        - profit for the year                               35,108  23,527    
                                                            ======= =======   
                                                                              
                                                                              
                                            Number          Number            
                                            of shares       of shares         
    Weighted average number of ordinary                                       
      shares for the purposes of basic                                        
      earnings per share                    234,503,562     230,140,720       
    Effect of dilutive potential ordinary                                     
      shares in respect of share options    8,034           34,071            
                                            ------------    ------------      
    Weighted average number of ordinary                                       
      shares for the purposes of diluted                                      
      earnings per share                    234,511,596     230,174,791       
                                            =============   =============