09:30     ADVANCED CARD<08210> - Quarterly Results Announcement               

    Advanced Card Systems Holdings Limited announced on 12/05/2005:           
    (stock code: 08210 )                                                      
    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                              :          7,863             7,323  
    Profit/(Loss) from Operations         :          (595)             (443)  
    Finance cost                          :           (32)              (35)  
    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     :          (627)             (478)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :  (HKD 0.00222)      (HKD 0.00171) 
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :          (627)             (478)  
    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                                                      
    Advanced Card Systems Holdings Limited                                    
    Signature :                                                               
    Name      : WONG Yiu Chu, Denny                                           
    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. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS                       
    These financial statements have been prepared in accordance with all      
    applicable Hong Kong Financial Reporting Standards ("HKFRS") (which       
    includes all applicable HKFRS, Hong Kong Accounting Standards,            
    Statements of Standard Accounting Practice, and Interpretations) issued   
    by the Hong Kong Institute of Certified Public Accountants ("HKICPA"),    
    accounting principles generally accepted in Hong Kong and the applicable  
    disclosure provisions of the Rules Governing the Listing of Securities    
    on the GEM of the Stock Exchange (the "GEM Listing Rules").               
                                                                              
    The HKICPA has issued a number of new or revised HKFRSs which were        
    effective for accounting periods beginning on or after 1 January 2005.    
    The adoption of these new HKFRSs had no significant impact on the         
    Group's results of operations and financial position.                     
                                                                              
    The accounting policies adopted in the 2004 annual financial statements   
    have been consistently applied to the financial statements.  The          
    measurement basis used in the preparation of the financial statements     
    is historical cost.                                                       
                                                                              
    The financial statements are unaudited but have been reviewed by the      
    audit committee of the Company.                                           
                                                                              
    2. LOSS PER SHARE                                                         
    The calculation of basic loss per share for the three months ended        
    31 March 2005 is based on the unaudited loss attributable to              
    shareholders of HK$627,000 (2004: HK$478,000) and the weighted average    
    of 281,800,255 (2004: 202,000,000) ordinary shares in issue during        
    the period.                                                               
                                                                              
    No diluted loss per share is presented for the three months ended         
    31 March 2005 and 31 March 2004 as there were no dilutive potential       
    ordinary shares during these periods.