09:03     RICHE M-MEDIA<00764> - Results Announcement (1)                     

    Riche Multi-Media Holdings Limited announced on 25/04/2005:               
    (stock code: 00764 )                                                      
    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  : 58,382             206,996           
    Profit/(Loss) from Operations   3  : (267,773)          116,429           
    Finance cost                       : (340)              (340)             
    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       : (268,390)          117,129           
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.0565)           0.0247            
             -Diluted (in dollars)     : (0.0565)           0.0241            
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (268,390)          117,129           
    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:                                                                  
                                                                              
    1.      POTENTIAL IMPACT ARISING FROM THE RECENTLY ISSUED ACCOUNTING      
    STANDARDS                                                                 
                                                                              
    In 2004, the Hong Kong Institute of Certified Public Accountants, (the "  
    HKICPA") issued a number of new or revised Hong Kong Accounting Standards 
    ("HKASs") and Hong Kong Financial Reporting Standards ("HKFRSs") (herein  
    collectively referred to as "New HKFRSs") which are effective for         
    accounting periods beginning on or after 1st January, 2005.  The Group has
    not early adopted these New HKFRSs in the financial statements for the    
    year ended 31st December, 2004.                                           
                                                                              
    The Group has commenced considering the potential impact of these New     
    HKFRSs.  Based on management's preliminary assessment, the adoption of    
    HKFRS 3 "Business Combinations" and HKAS 36 "Impairment of Assets" in the 
    annual period beginning on 1st January, 2005 will result in cessation of  
    amortisation of goodwill to the income statement.  Pursuant to HKFRS 3 "  
    Business Combinations" and HKAS 36 "Impairment of Assets", goodwill is to 
    be recognised as an asset and reviewed for impairment at least annually   
    and any impairment is recognised immediately in the income statement while
    the Group's current policy is to amortise goodwill on a straight-line     
    basis over its useful economic life.  During the year ended 31st December,
    2004, the amortisation of goodwill charged to the income statement        
    amounted to approximately HK$3,953,000.                                   
                                                                              
    The Group is still considering the potential impact of other New HKFRSs   
    but is not yet in a position to determine whether other New HKFRSs would  
    have a significant impact on how its results of operations and financial  
    position are prepared and presented.  Other New HKFRSs may result in      
    changes in the future as to how the results and financial position are    
    prepared and presented.                                                   
                                                                              
    2.      TURNOVER                                                          
                                                    2004    2003              
                                                    HK$'000 HK$'000           
            Distribution of films                   27,285  163,722           
            Sub-licensing of film rights            16,319  38,006            
            Proceeds from sale of securities        14,778  -                 
            Sale of advertising rights              -       5,268             
                                                    _______ ______            
                                                    58,382  206,996           
                                                    ______  _______