09:52     SUNGREEN INTL<08306> - Quarterly Results Announcement (2)           

    The Company did not trade during the period from 14 April 2004 (date      
    of incorporation) to 31 December 2004. Its principal subsidiary is        
    engaged in the manufacture and distribution of organic fertilizers.       
                                                                              
    The Group's principal operations are conducted in The People's Republic   
    of China (the "PRC"). The unaudited results set out in this report have   
    been prepared in Renminbi ("RMB"), being the reporting currency of the    
    Group. The measurement currency of the Group is RMB in which the          
    majority of the Group's transactions are denominated.                     
                                                                              
    The Group's unaudited consolidated results have been prepared in          
    accordance with accounting principles generally accepted in Hong          
    Kong and comply with accounting standards issued by the Hong Kong         
    Institute of Certified Public Accountants. They are prepared under        
    the historical cost convention.                                           
                                                                              
    The accounting policies adopted in preparing the unaudited                
    consolidated results for the three months ended 31 March 2005             
    and 2004 are consistent with those followed in the preparation            
    of the Group's annual financial statements for the year ended             
    31 December 2004. The consolidated results are unaudited but have         
    been reviewed by the Company's audit committee in accordance              
    with Rule 5.30 of the GEM Listing Rules.                                  
                                                                              
    2. DIVIDENDS                                                              
                                                                              
    No dividend has been paid or declared by the Group for the three months   
    ended 31 March 2005 (2004: Nil).                                          
                                                                              
    3. EARNINGS PER SHARE                                                     
                                                                              
    The calculation of the basic earnings per share for the period is based   
    on the net profit for the period and on weighted average of 80,000,000    
    (2004: 80,000,000) ordinary shares that have been in issue throughout     
    the period on the assumption that the Group Reorganisation had been       
    completed on 1 January 2004.