09:18     ANGELS TECH<08112> - Quarterly Results Announcement (2)             

                                                                              
    2. Earnings/(Loss) per share                                              
                                                                              
    Earnings/(loss) per share for the three months ended 31                   
    March 2005 are calculated based on the Group's loss                       
    attributable to the shareholders of HK$1,195,000 (profit                  
    attributable to the shareholders for the three months ended               
    31 March 2004 HK$157,000) and on the weighted average                     
    number of 204,000,000 shares (2004: 204,000,000 shares) in                
    issue during the periods.                                                 
                                                                              
    Diluted earnings/(loss) per share was not presented because there were    
    no potential dilutive ordinary shares in existence during the three       
    months ended 31 March 2005 (2004: Nil).