10:10     TECHPACIFIC CAP<08088> - Quarterly Results Announcement (2)         

                                                                              
    The effect on adopting IFRS 2 on the unaudited consolidated income        
    statement for the three months ended 31 March 2005 is to decrease the     
    profit before taxation and minority interests by US$230,477. There is no  
    significant impact to the unaudited consolidated results for the same     
    quarter last year on adoption of IFRS 2 and accordingly, no prior period  
    adjustment of the same quarter last year has been made.                   
                                                                              
    The unaudited consolidated results of the Company include the results     
    of all companies now comprising the Group.  All significant intra-group   
    transactions and balances have been eliminated in preparing the           
    unaudited consolidated financial statements.                              
                                                                              
    Earnings/(Loss) per share                                                 
                                                                              
    The calculation of the basic earnings/(loss) per share for the three      
    months ended 31 March 2005 is based on the profit attributable to         
    shareholders of US$4,150,923 (2004: loss attributable to shareholders     
    of US$2,733,937) and the weighted average number of shares of             
    2,795,077,245 (2004: 2,502,577,245) in issue during the period.           
                                                                              
    No diluted earnings per share for the three months ended 31 March 2005    
    is shown, as the outstanding share options were anti-dilutive.            
                                                                              
    Comparative figures                                                       
                                                                              
    Certain comparative figures have been reclassified to conform with the    
    current year's presentation.