13:50     RENREN HOLDINGS<00059> - Results Announcement (1)                   

    renren Holdings Limited announced on 25/04/2005:                          
    (stock code: 00059 )                                                      
    Year end date: 31/12/2004                                                 
    Currency: HKD                                                             
    Auditors' Report: Qualified                                               
                                                                              
                                                            (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                           : 9,709              672               
    Profit/(Loss) from Operations      : (45,733)           (99,423)          
    Finance cost                       : (396)              (1,354)           
    Share of Profit/(Loss) of                                                 
      Associates                       : 0                  0                 
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : 0                  0                 
    Profit/(Loss) after Tax & MI       : (47,487)           (100,785)         
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0073)           (0.0901)          
             -Diluted (in dollars)     : N/A                N/A               
    Extraordinary (ETD) Gain/(Loss)    : 0                  0                 
    Profit/(Loss) after ETD Items      : (47,487)           (100,785)         
    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:                                                                  
                                                                              
    (I)  Turnover and other income / gains                                    
                                                                              
                                                                              
    An analysis of the Group's turnover and other income is as follows:       
                                                                              
                                                                              
                                                    2004            2003      
                                                    HK$'000         HK$'000   
    Turnover                                                                  
                                                                              
                                                                              
    Provision of financial services                 7,800           -         
    Sales                                           1,593           -         
    Rendering of telecommunication services           300           666       
    Operating lease rental income                      16             6       
                                                   -------         -----      
                                                    9,709           672       
    Other income / gains                                                      
                                                                              
    Commission income                                  60           -         
    Dividend income                                    36           -         
    Gain on disposal of investment securities       3,192           -         
    Gain on disposal of subsidiaries                3,703           -         
    Interest income                                    65            30       
    Write back of accounts payable                    635           329       
    Others                                            345           378       
                                                   -------         -----      
                                                    8,036           737       
                                                   -------         -----      
    Total income                                   17,745         1,409       
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