09:22     SYSCAN TECH<08083> - Quarterly Results Announcement (1)             

    SYSCAN Technology Holdings Limited announced on 13/05/2005:               
    (stock code: 08083 )                                                      
                                                                              
    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                              :         14,321           105,775  
    Profit/(Loss) from Operations         :        (4,881)           (9,587)  
    Finance cost                          :        (1,797)           (2,192)  
    Share of Profit/(Loss) of Associates  :              0                 0  
    Share of Profit/(Loss) of Jointly                                         
             Controlled Entites           :              0                 0  
    Profit/(Loss) after Taxation & MI     :        (6,607)          (11,328)  
    % Change Over the Last Period         :            N/A                    
    EPS / (LPS)                                                               
              Basic (in dollar)           :    (HKD 0.065)       (HKD 0.111)  
              Diluted (in dollar)         :            N/A               N/A  
    Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A  
    Profit (Loss) after ETD Items         :        (6,607)          (11,328)  
    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                                                      
     SYSCAN Technology Holdings Limited                                       
                                                                              
    Signature :                                                               
    Name      : Chan Man Ching                                                
    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.                                      
                                                                              
    Remarks:                                                                  
                                                                              
    1. Basis of presentation                                                  
                                                                              
    The accounting policies adopted in preparing the unaudited                
    consolidated results are consistent with those followed in the            
    annual financial statements for the year ended 31st December,             
    2004. The unaudited consolidated results have been prepared               
    under the historical cost convention and in accordance with               
    accounting standards issued by the Hong Kong Institute of                 
    Certified Public Accountants ("HKICPA"), accounting principles            
    generally accepted in Hong Kong and the disclosure requirements           
    of Hong Kong Companies Ordinance and the GEM Listing Rules.               
                                                                              
    In 2004, the HKICPA issued a number of new and revised Hong               
    Kong Accounting Standards and Hong Kong Financial Reporting               
    Standards ("HKFRS") which are effective for accounting                    
    periods beginning or after 1st January, 2005. The adoption                
    of these HKFRS has no material impact on the Group's results              
    of operations and financial position.                                     
                                                                              
    Significant transactions and balances among the companies the             
    Group have been eliminated on consolidation.