09:52     SUNGREEN INTL<08306> - Quarterly Results Announcement (1)           

    SUNGREEN INTERNATIONAL HOLDINGS LIMITED announced on 09/05/2005:          
    (stock code: 08306 )                                                      
                                                                              
    Year end date                         :31/12/2005                         
    Currency                              :RMB                                
    Auditors' report                      :N/A                                
    1st Quarterly Report Reviewed by      :Audit Committee                    
                                                                              
    Important Note :                                                          
                                                                              
    This result announcement form only contains extracted information from    
    and should be read in conjunction with the detailed results announcement  
    of the issuer, which can be viewed on the GEM website at                  
    http://www.hkgem.com                                                      
                                                                              
                                               (UnAudited)       (UnAudited)  
                                                  Current Last Corresponding  
                                                   Period            Period   
                                           from 01/01/2005   from 01/01/2004  
                                             to 31/03/2005     to 31/03/2004  
                                                     $'000             $'000  
                                                                              
    Turnover                              :         25,547            21,538  
    Profit/(Loss) from Operations         :          4,043             3,390  
    Finance cost                          :           (619)           (1,093) 
    Share of Profit/(Loss) of Associates  :            N/A               N/A  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :          1,998             1,493  
    % Change Over the Last Period         :         +33.88%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     RMB 0.0250        RMB 0.0187  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :          1,998             1,493  
    1st Quarter Dividends per Share       :            NIL               NIL  
    (specify if with other options)       :            N/A               N/A  
    B/C Dates for 1st Quarter Dividends   :            N/A                    
    Payable Date                          :            N/A                    
    B/C Dates for (-) General Meeting     :            N/A                    
    Other Distribution for Current Period :            NIL                    
    B/C Dates for Other Distribution      :            N/A                    
                                           (bdi: both days inclusive)         
                                                                              
    For and on behalf of                                                      
    SUNGREEN INTERNATIONAL HOLDINGS LIMITED                                   
                                                                              
    Signature :                                                               
    Name      : ZHUO ZE FAN                                                   
    Title     : CHAIRMAN                                                      
                                                                              
    Responsibility statement                                                  
                                                                              
    The directors of the Company (the "Directors") as at the date hereof      
    hereby collectively and individually accept full responsibility for the   
    accuracy of the information contained in this results announcement form   
    (the "Information") and confirm, having made all reasonable inquiries,    
    that to the best of their knowledge and belief the Information are        
    accurate and complete in all material respects and not misleading and     
    that there are no other matters the omission of which would make the      
    Information herein inaccurate or misleading.The Directors acknowledge     
    that the Stock Exchange has no responsibility whatsoever with regard to   
    the Information and undertake to indemnify the Exchange against all       
    liability incurred and all losses suffered by the Exchange in connection  
    with or relating to the Information.                                      
                                                                              
    Remarks:                                                                  
                                                                              
    1. GROUP REORGANISATION AND BASIS OF PRESENTATION                         
                                                                              
    The Company was incorporated and registered as an exempted company in     
    Bermuda on 14 April 2004.                                                 
                                                                              
    Pursuant to a group reorganisation (the "Group Reorganisation") to        
    rationalise the group structure in preparation for the listing of the     
    Company's shares on the Growth Enterprise Market (the "GEM") of The       
    Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the Company   
    became the holding company of the group (the "Group") formed after the    
    completion of the Group Reorganisation on 16 February 2005.               
                                                                              
    The Group resulting from the Group Reorganisation is regarded as a        
    continuing entity. Accordingly, these unaudited results of the Group      
    have been prepared on the basis as if the Company had always been the     
    holding company of the Group. The directors consider that this basis      
    provides meaningful information for shareholders as regards the           
    historical performance of the companies now comprising the Group.         
                                                                              
    Details of the Group Reorganisation are set out in the prospectus (the    
    "Prospectus") issued by the Company dated 21 February 2005.               
                                                                              
    The shares of the Company were listed on the GEM of the Stock Exchange    
    on 28 February 2005.