09:13     JH AUTO SAFETY<08293> - Quarterly Results Announcement (1)          

                                                                              
    Jinheng Automotive Safety Technology Holdings Limited announced on        
    13/05/2005:                                                               
    (stock code: 08293 )                                                      
                                                                              
    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                              :         40,875            51,004  
    Profit/(Loss) from Operations         :          7,602            15,469  
    Finance cost                          :          (656)           (1,293)  
    Share of Profit/(Loss) of Associates  :            N/A               N/A  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :           (39)             (207)  
    Profit/(Loss) after Taxation & MI     :          7,153            13,984  
    % Change Over the Last Period         :         -48.85%                   
    EPS / (LPS)                                                               
              Basic (in dollar)           :     HKD 0.0188        HKD 0.0467  
              Diluted (in dollar)         :     HKD 0.0184               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :         7,153            13,984   
    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                                                      
     Jinheng Automotive Safety Technology Holdings Limited                    
                                                                              
    Signature :                                                               
    Name      : Victor Foo                                                    
    Title     : Authorised Representative                                     
                                                                              
    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.      Reorganisation                                                    
    The Company was incorporated in the Cayman Islands on 26 February 2004    
    as an exempted company with limited liability under the Companies Law,    
    Cap 22 (Law 3 of 1961, as consolidated and revised) of the Cayman         
    Islands. Pursuant to a group reorganisation (the "Reorganisation")        
    completed on 22 November 2004 to rationalise the structure of the Group   
    in preparation for the public listing of its shares on the Growth         
    Enterprise Market ("GEM") of The Stock Exchange of Hong Kong              
    Limited (the "Stock Exchange"), the Company becomes the holding           
    company of the subsidiaries now comprising the Group. The                 
    Company's shares were listed on GEM on 9 December 2004.                   
                                                                              
    Details of the Reorganisation are set out in the prospectus dated 30      
    November 2004 issued by the Company.