09:17     AGL MEDIATECH<08192> - Quarterly Results Announcement (1)           

    AGL MEDIATECH HOLDINGS LIMITED announced on 11/05/2005:                   
    (stock code: 08192 )                                                      
                                                                              
    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                              :            304               619  
    Profit/(Loss) from Operations         :          (350)           (3,358)  
    Finance cost                          :            (2)               (3)  
    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     :          (352)           (3,361)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :   (HKD 0.0006)       (HKD 0.007)  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :          (352)           (3,361)  
    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                                                      
    AGL MEDIATECH HOLDINGS LIMITED                                            
                                                                              
    Signature :                                                               
    Name      : LEE Chan Wah                                                  
    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                                                   
                                                                              
    The Group's unaudited condensed 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.                                               
                                                                              
    In 2004, the HKICPA issued a number of new or revised Hong                
    Kong Accounting Standards 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 had no material impact on the Group's                   
    results of operations and financial position.                             
                                                                              
    2. PRINCIPAL ACCOUNTING POLICIES                                          
                                                                              
    The accounting policies adopted in preparing the unaudited                
    condensed 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 period ended 31 December 2004.