10:15     ARGOS ENT<08022> - Quarterly Results Announcement (1)               

    ARGOS ENTERPRISE (HOLDINGS) LIMITED announced on 12/05/2005:              
    (stock code: 08022 )                                                      
                                                                              
    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                              :         30,518            24,582  
    Profit/(Loss) from Operations         :          1,969             2,423  
    Finance cost                          :          (589)             (634)  
    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     :            296               539  
    % Change Over the Last Period         :         -45.08%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     HKD 0.0016         HKD 0.003  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :            296               539  
    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                                                      
    ARGOS ENTERPRISE (HOLDINGS) LIMITED                                       
                                                                              
    Signature :                                                               
    Name      : Bono Wong                                                     
    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 presentation                                                
                                                                              
         The Group's financial statements have been prepared under the        
         historical cost convention and in accordance with the Hong Kong      
         Statements of Standard Accounting Practice issued by the Hong        
         Kong Institute of Certified Public Accountants (HKICPA),             
         accounting principles generally accepted in Hong Kong, the           
         disclosure requirements of the Hong Kong Companies Ordinance         
         and the disclosure requirements set out in Chapter 18 of the         
         Rules Governing the Listing of Securities on the GEM of the          
         Stock Exchange.                                                      
                                                                              
         The accounting policies adopted in preparing the unaudited           
         first quarterly consolidated results are in line with those          
         adpoted in the preparation of the annual audited financial           
         statements for the year ended 31 December 2004.                      
                                                                              
         The results of subsidiaries acquired or disposed of during the       
         period are included in the consolidated income statement from        
         the effective date of acquisition or up to the effective date        
         of disposal, as appropriate.                                         
                                                                              
         All significant intra-group transactions and balances have been      
         eliminated on consolidation.