09:41     PROACTIVE TECH<08089> - Quarterly Results Announcement (2)          

                                                                              
    2. Taxation                                                               
                                                                              
    The Company is not subject to taxation in Bermuda on its                  
    profit or capital gains until March 2016.  No Hong Kong                   
    profits tax has been provided, as the Group had no                        
    assessable profit arising in or derived from Hong Kong.                   
    Overseas income tax has been provided by subsidiaries,                    
    branches or representative offices based on their                         
    estimated taxable profits at the rates of taxation                        
    applicable in the respective jurisdictions in which                       
    they operate.                                                             
                                                                              
    3. Loss Per Share                                                         
                                                                              
    The calculation of the basic loss per share                               
    is based on the unaudited consolidated loss attributable                  
    to shareholders of approximately HK$18,000                                
    (2004: HK$1,354,000) and on the weighted average number                   
    of 232,000,000 (2004: 232,000,000) shares.                                
                                                                              
    Diluted loss per share is not presented because the effect                
    is anti-dilutive.