08:54     LIFETEC GROUP<01180> - Results Announcement                         

    LifeTec Group Limited announced on 28/04/2005:                            
    (stock code: 01180 )                                                      
    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                           : 64,179             57,213            
    Profit/(Loss) from Operations      : (57,991)           36,543            
    Finance cost                       : (289)              (730)             
    Share of Profit/(Loss) of                                                 
      Associates                       : N/A                (1,433)           
    Share of Profit/(Loss) of                                                 
      Jointly Controlled Entities      : N/A                N/A               
    Profit/(Loss) after Tax & MI       : (60,992)           36,848            
    % Change over Last Period          : N/A       %                          
    EPS/(LPS)-Basic (in dollars)       : (0.024)            0.017             
             -Diluted (in dollars)     : N/A                0.017             
    Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
    Profit/(Loss) after ETD Items      : (60,992)           36,848            
    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 Annual                                                      
      General Meeting                  : 27/05/2005         to 30/05/2005 bdi.
    Other Distribution for             : N/A                                  
      Current Period                                                          
                                                                              
    B/C Dates for Other                                                       
      Distribution                     : N/A                                  
                                                                              
    Remarks:                                                                  
                                                                              
    1.      QUALIFICATION IN THE AUDITORS' REPORT                             
                                                                              
    The auditors' report is qualified, a summary of which is included in the  
    results announcement.                                                     
                                                                              
    2.      INCOME TAX EXPENSE                                                
                                                                              
                                            2004            2003              
                                            HK$'000         HK$'000           
    The charge represents:                                                    
                                                                              
    Current taxation                                                          
      Profits tax outside Hong Kong         2,504           7                 
                                            =======         ======            
                                                                              
    Profits tax outside Hong Kong represents PRC Income Tax which is          
    calculated at 33% (20003: 33%).                                           
                                                                              
    3.      (LOSS) EARNINGS PER SHARE                                         
                                                                              
    The calculation of the basic and diluted (loss) earnings per share is     
    based on the following data:                                              
                                                                              
                                            2004            2003              
                                            HK$'000         HK$'000           
    (Loss) earnings:                                                          
                                                                              
    (Loss) earnings for the purposes of basic and                             
    diluted (loss) earnings per share:                                        
      - (Loss) profit for the year          (60,992)        36,848            
                                            =========       =======           
                                                                              
    Number of shares:                                                         
                                            2004            2003              
    Weighted average number of shares for the purposes of                     
      basic (loss) earnings per share:      2,567,413,269   2,157,477,143     
                                            ============                      
    Effect of dilutive potential shares in respect of                         
      share options                                         26,545,096        
                                                            ------------      
    Weighted average number of shares for the purposes of                     
      diluted earnings per share                            2,184,022,239     
                                                            ===========       
                                                                              
    As the exercise of the Company's outstanding share options during the year
    ended 31 December 2004 would be anti-dilutive, no diluted loss per share  
    was presented in the current year.                                        
                                                                              
    For more details, please refer to the press announcement today.