09:46     MINGWAH HI TECH<08301> - Quarterly Results Announcement (1)         

    Shenzhen Mingwah Aohan High Technology Corporation Limited announced on   
    12/5/2005:                                                                
    (stock code: 08301 )                                                      
                                                                              
    Year end date                         :31/12/2005                         
    Currency                              :RMB                                
    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  
                                                   RMB'000           RMB'000  
                                                                              
    Turnover                              :         25,677            27,596  
    Profit/(Loss) from Operations         :            976             3,678  
    Finance cost                          :          (648)           (1,079)  
    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     :            355             2,057  
    % Change Over the Last Period         :         -82.74%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     RMB 0.0007        RMB 0.0061  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :            355             2,057  
    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                                                      
    Shenzhen Mingwah Aohan High Technology Corporation Limited                
                                                                              
    Signature :                                                               
    Name      : Lau Chun Pong                                                 
    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 accounting policies adopted in preparing the unaudited                
    condensed consolidated results are consistent with those followed         
    in the annual financial statements for the year ended 31 December         
    2004.  The unaudited consolidated results have been prepared under        
    the historical cost covention and in accordance with accounting           
    standards issued by the Hong Kong Institute of Certified Public           
    Accountants ("HKICPA"), accounting principles generally accepted          
    in Hong Kong and the disclosure requirements of Hong Kong Companies       
    Ordinance and the GEM Listing Rules.  The condensed consolidated          
    results are unaudited but have been reviewed by the Company's             
    audit committee.                                                          
                                                                              
    In 2004, the HKICPA issued a number of new or revised Hong Kong           
    Accounting Standards and Hong Kong Financial Reporting Standards          
    ("HKFRS") which are effective for accounting periods beginning            
    on or after 1 January 2005.  The adoption of these HKFRS has no           
    material impact on the Group's results of operations and                  
    financial position.