10:06     MEGAINFO<08279> - Quarterly Results Announcement (2)                

                                                                              
    3.  Taxation                                                              
                                                                              
    No provision for profits tax has been made in the accounts as the         
    Group does not have any estimated assessable profits in the               
    jurisdictions in which the Group operates for both period ended 31        
    March 2005 and 2004.                                                      
                                                                              
    4.   Dividends                                                            
                                                                              
    The Board does not recommend the payment of an interim dividend for the   
    six months ended 31 March 2005 (2004: Nil)                                
                                                                              
    5.   Loss per share                                                       
                                                                              
    The calculation of basic loss per share is based on the Group's loss for  
    the nine months ended 31 March 2005 of HK$18,009,398 (2004:               
    HK$2,878,572) and the weighted average of 535,000,000 shares (2004:       
    535,000,000 shares) in issue.                                             
                                                                              
    Diluted loss per share has not been disclosed as there were no potential  
    dilutive ordinary shares.