09:04     HONGKONG.COM<08006> - Quarterly Results Announcement (1)            

    China.com Inc. announced on 11/05/2005:                                   
    (formerly known as Hongkong.Com Corporation)                              
    (stock code: 08006 )                                                      
                                                                              
    Year end date                         :31/12/2005                         
    Currency                              :HKD                                
    Auditors' report                      :N/A                                
    1st Quarterly Report Reviewed by      :Audit Committee & Auditors         
                                                                              
    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                              :         75,295            61,859  
    Profit/(Loss) from Operations         :          3,938            25,312  
    Finance cost                          :           (844)             (772) 
    Share of Profit/(Loss) of Associates  :              0                44  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :          5,627            24,032  
    % Change Over the Last Period         :         -76.59%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     HKD 0.0014        HKD 0.0058  
              Diluted (in dollar)         :     HKD 0.0014        HKD 0.0058  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :          5,627            24,032  
    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                                                      
      China.com Inc.                                                          
                                                                              
    Signature :                                                               
    Name      : Jun Deng                                                      
    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.  Basis of preparation and significant accounting policies              
                                                                              
    The Unaudited Quarterly Results of the Group have been prepared in        
    accordance with Hong Kong Financial Reporting Standards ("HKFRSs")        
    (which also include Hong Kong Accounting Standards ("HKAS")               
    and Interpretations) issued by the Hong Kong Institute of Certified       
    Public Accountants ("HKICPA"), accounting principles generally            
    accepted in Hong Kong and the disclosure requirements of the Rules        
    Governing the Listing of Securities on the Growth Enterprises Market of   
    The Stock Exchange of Hong Kong Limited. They have been prepared under    
    historical cost convention, except for available-for-sale financial       
    assets that have been measured at fair value. The principal accounting    
    policies used in the preparation of the Unaudited Quarterly Results       
    are consistent with those adopted in the preparation of the annual        
    financial consolidated statements of the Group for the year ended 31st    
    December, 2004, except for those mentioned below.                         
                                                                              
    In the Quarterly Period, the Group has adopted, for the first time,       
    a number of new and revised Hong Kong Financial Reporting Standards and   
    Hong Kong Accounting Standards, herein collectively referred to as the    
    new HKFRSs, which are generally effective for the accounting periods      
    beginning on or after 1st January, 2005.