08:46     NIPPON ASIA INV<00603>&<02970> - Results Announcement (4)           

                                                                              
    By Geographical Segment:-                                                 
                                                                              
                                    Disontinuing operations                   
                                    ---------------------                     
                            Manufacture and                                   
                            trading of silicone                               
                            rubber product                  Consolidated      
                                   Six months ended 31 January                
              2005 HK$'000     2004 HK$'000     2005 HK$'000     2004 HK$'000 
                              (Reclassified)                    (Reclassified)
                                                                              
    Segment revenue                                                           
                                                                              
    Hong Kong         1,314          5,638           1,314           5,638    
                                                                              
    Mainland China        -              -          53,571          28,717    
                                                                              
    Asia (other than Mainland China)                    -                -    
                         62            658              62             658    
                                                                              
    North America                                                             
                        360          2,047             360           2,047    
                                                                              
    Europe              706          1,900             706           1,900    
                                                                              
    Other countries     379              -             379               -    
    ______________________________________________________________________    
                      2,821         10,243          56,392          38,960    
                 =========================================================    
                                                                              
    3.      Loss per share                                                    
                                                                              
                                                                              
    The calculation of basic loss per share for the six months ended 31       
    January 2005 is based on the net loss attributable to shareholders of HK$ 
    97,948,000 (2004: HK$35,452,000) and on the weighted average of 11,461,   
    272,424 (2003 restated: 12,094,875,316 ) ordinary shares in issue.        
                                                                              
                                                                              
    No diluted loss per share has been presented for the six months ended 31  
    January 2005 and 31 January 2004 as the warrant, convertible note and     
    options outstanding during those periods had anti-dilutive effects on the 
    basic loss per share for those periods.                                   
                                                                              
    For more details, please refer to the press announcement today.