10:10     TECHPACIFIC CAP<08088> - Quarterly Results Announcement (1)         

                                                                              
    Techpacific Capital Limited announced on 12 May 2005:                     
    (stock code: 08088 )                                                      
                                                                              
    Year end date                         :31 December 2005                   
    Currency                              :USD                                
    Auditors' report                      :N/A                                
    1st Quarterly Report Reviewed by      :Audit Committee & Auditors         
                                                                              
    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                              :          1,528               535  
    Profit/(Loss) from Operations         :          4,479           (2,749)  
    Finance cost                          :              0                0   
    Share of Profit/(Loss) of Associates  :            219               (3)  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :              0                0   
    Profit/(Loss) after Taxation & MI     :          4,151           (2,734)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :     USD 0.0015      USD (0.0011)  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :          4,151           (2,734)  
    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                                                      
    Techpacific Capital Limited                                               
                                                                              
    Signature :                                                               
    Name      : Martin Angus                                                  
    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:                                                                  
                                                                              
    Basis of presentation                                                     
                                                                              
    The principal accounting policies adopted in preparing the unaudited      
    consolidated results conform to International Financial Reporting         
    Standards ("IFRS").                                                       
                                                                              
    In 2005, the Group has adopted all new and revised IFRS which are         
    effective for accounting periods beginning on or after 1 January 2005.    
                                                                              
    The adoption of IFRS 2 "Share-based Payments" has resulted in a change    
    in accounting policy for the Group's Share Option Schemes. Prior to       
    this, the provision of share options to employees did not result in a     
    charge to the income statement.  Following the adoption of IFRS 2,        
    the fair value of share options at grant date is amortised over the       
    relevant vesting periods to the income statement.  IFRS 2 should be       
    applied retrospectively for all equity instruments granted to an          
    employee of the Group after 7 November 2002 and not vested at             
    1 January 2005.