09:42     LAI FAI INT'L<08183> - Quarterly Results Announcement (1)           

    Lai Fai International Holdings Limited announced on 12/05/2005:           
    (stock code: 08183 )                                                      
                                                                              
    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                              :         14,862             4,358  
    Profit/(Loss) from Operations         :          1,344           (1,595)  
    Finance cost                          :              0              (24)  
    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     :          1,344           (1,619)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :    HKD 0.01042     HKD (0.01265)  
              Diluted (in dollar)         :    HKD 0.00996               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :          1,344           (1,619)  
    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                                                      
    Lai Fai International Holdings Limited                                    
                                                                              
    Signature :                                                               
    Name      : Lam King Pui                                                  
    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 Presentation and Accounting Policies                          
    The accounting policies and basis of preparation used in                  
    preparing the unaudited consolidated quarterly results are                
    the same as those adopted in preparing the financial                      
    statements for the year ended 31st December 2004.                         
                                                                              
    The unaudited consolidated quarterly results were not                     
    audited by the Company's auditors, but have been reviewed                 
    by the Company's audit committee.                                         
                                                                              
    In the current 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                    
     ("new HKFRSs") which are effective for accounting periods                
    beginning on or after 1st January 2005.                                   
                                                                              
    All significant intra-group transactions have been                        
    eliminated on consolidation.