09:03     LINEFAN TECH<08166> - Quarterly Results Announcement (1)            

                                                                              
    Linefan Technology Holdings Limited announced on 10/05/2005:              
    (stock code: 08166 )                                                      
                                                                              
    Year end date                         :31/12/2005                         
    Currency                              :HKD                                
    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                              :          1,491               853  
    Profit/(Loss) from Operations         :        (3,540)           (3,091)  
    Finance cost                          :            (1)              (15)  
    Share of Profit/(Loss) of Associates  :              0              (81)  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :              0               (1)  
    Profit/(Loss) after Taxation & MI     :        (2,717)           (3,188)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :   (HKD 0.0017)       (HKD 0.003)  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :        (2,717)           (3,188)  
    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                                                      
    Linefan Technology Holdings Limited                                       
                                                                              
    Signature :                                                               
    Name      : Ho Suet Man Stella                                            
    Title     : Company Secretary                                             
                                                                              
    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. Principal Accounting Policies and Basis of                             
    Preparation                                                               
                                                                              
    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 (?HKICPA'). They are prepared under                    
    the historical cost convention and comply with the                        
    applicable disclosure provisions of GEM Listing Rules.                    
                                                                              
    In 2004, the HKICPA issued a number of new or revised Hong                
    Kong Accounting Standards ("new HKAS") and Hong Kong                      
    Financial Reporting Standards ("new HKFRSs") which are                    
    effective for accounting periods beginning on or after                    
    1 January 2005. The adoption of the new HKFRSs, has results               
    in the change in the Group's accounting policies for                      
    goodwill on acquisition of subsidiaries and associates.                   
    In prior years, goodwill on aquisition of subsidiaries                    
    and associates was carried at cost and amortised over its                 
    estimated useful life.  Following the adoption of new HKAS                
    and HKFRSs, goodwill on acquisition of subsidiaries and                   
    associates is carried at cost and reviewed for impairment                 
    annually. Impairment, if any, is charged to the profit                    
    and loss account. This change in accounting policy has                    
    no material effect on the Group.