09:08     ACROSSASIA<08061> - Quarterly Results Announcement                  

    ACROSSASIA LIMITED announced on 13/05/2005:                               
    (stock code: 08061 )                                                      
                                                                              
    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                              :      1,295,161           216,778  
    Profit/(Loss) from Operations         :         57,694             6,902  
    Finance cost                          :       (50,822)          (23,714)  
    Share of Profit/(Loss) of Associates  :          2,960             6,832  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :            N/A               N/A  
    Profit/(Loss) after Taxation & MI     :            914          (11,239)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :     HKD 0.0002      (HKD 0.0022)  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :           914           (11,239)  
    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                                                      
    ACROSSASIA LIMITED                                                        
                                                                              
    Signature :                                                               
    Name      : Mr. Marshall Wallace COOPER                                   
    Title     : Executive Director                                            
                                                                              
    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.                                      
                                                                              
    Notes                                                                     
                                                                              
    1. Basis of preparation                                                   
                                                                              
    Please refer to Note 1 of the Company's First Quarterly Report            
    2005                                                                      
                                                                              
                                                                              
    2.  Earnings/(loss) per share                                             
                                                                              
    The calculation of basic earnings/(loss) per share is based               
    on the profit attributable to shareholders of the Company for             
    the three months ended 31st March 2005 ("Three-month Period")             
    of HK$914,000 (2004: loss of HK$11,239,000) and 5,064,615,385             
    (2004: 5,064,615,385) ordinary shares in issue during the                 
    Three-month Period.                                                       
                                                                              
    Diluted earnings/(loss) per share for the Three-month Period              
    and the corresponding period in 2004 are not disclosed as                 
    there were no dilutive potential ordinary shares.