09:56     QUASAR COMM TEC<08171> - Quarterly Results Announcement             

    QUASAR Communication Technology Holdings Limited announced on 12/05/2005: 
    (stock code: 08171 )                                                      
                                                                              
    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                              :        101,622           217,423  
    Profit/(Loss) from Operations         :          1,105             1,103  
    Finance cost                          :          (262)              (93)  
    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     :            843             1,010  
    % Change Over the Last Period         :         -16.53%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     HKD 0.0021        HKD 0.0025  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :           843             1,010   
    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                                                      
    QUASAR Communication Technology Holdings Limited                          
                                                                              
    Signature :                                                               
    Name      : Ng Yuk Chun                                                   
    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 Company was incorporated in the Cayman Islands on 4 April 2002, as    
    an exempted company with limited liability, under the Companies Law of    
    the Cayman Islands.  The unaudited results have been prepared in          
    accordance with accounting principles generally accepted in Hong Kong     
    and comply with accounting standards issued by the Hong Kong Society      
    of Accountants.  They have been prepared under the historical cost        
    convention.                                                               
                                                                              
    2. Earnings per share                                                     
                                                                              
    The calculation of basic earnings per share for the three months ended    
    31 March 2005 is based on the unaudited consolidated net profit           
    attributable to shareholders of approximately HK$843,000 and the          
    weighted average number of 406,251,500 shares.  The basic earnings per    
    share for the corresponding period in 2004 is based on the unaudited      
    consolidated net profit attributable to shareholders of approximately     
    HK$1,010,000 and the weighted average number of 406,251,500 shares.       
                                                                              
    No diluted earnings per share has been presented as the Company has       
    no dilutive potential shares.