08:53     CS CONSERVAT P<00351> - Results Announcement (2)                    

    2.  Profit/(loss) from continuing operations and discontinued operation   
                                                                              
                                                       2004       2003        
                                                  __________  _________       
                                                    HK$'000    HK$'000        
    Continuing operations                                                     
                                                                              
      Sale of computers hardware                                              
       and maintenance support services                (266)    (1,338)       
                                                                              
      Software design and development               (11,656)   (13,621)       
                                                                              
      Return from a power plant in the PRC                -          -        
                                                                              
      Return from an investment in a motor spare                              
       parts business in the PRC                          -          -        
                                                                              
      Unallocated corporate expenses                (29,561)   (20,263)       
                                                  __________  _________       
                                                    (41,483)   (35,222)       
    Discontinuing operation                                                   
                                                                              
      Internet software services                          -        (21)       
                                                  __________  _________       
                                                    (41,483)   (35,243)       
                                                   =========  =========       
                                                                              
                                                                              
    3.  Loss per share                                                        
                                                                              
    The calculation of basic loss per share for the year ended 31 December    
    2004 is based on net loss of the Group of approximately HK$6,584,000      
    (2003: HK$58,859,000) and on the weighted average of 628,052,674          
    ordinary shares (2003 (restated): 266,337,023 ordinary shares) in         
    issue during the year.                                                    
                                                                              
    The weight average number of ordinary shares for the previous year has    
    been                                                                      
    adjusted for the share consolidation and share subdivision effected on 10 
    February 2004 and 31 May 2004 respectively.                               
                                                                              
    Diluted loss per share amounts for the years ended 31 December 2003 and   
    2004 have not been disclosed, as the potential ordinary shares outstanding
    during these years had an anti-dilutive effect on the basic loss per      
    shares for these years.                                                   
                                                                              
    For more details, please refer to the press announcement today.