China Netcom Technology Holdings Limited — Earnings Release 2002

Nov 13, 2002

GEM

E-SILKROAD HOLD<08071> - Results Announcement (Q3, 2002, Summary)

E-silkroad Holdings Limited announced on 13/11/2002:
(stock code: 08071)

Year end date :31/12/2002
Currency :HKD
Auditors' report :N/A
Review of 3rd Quarterly Report 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 01/01/2002   from 01/01/2001
                                     to 30/09/2002     to 30/09/2001
                                             $'000             $'000

Turnover : 582 5,400
Profit/(Loss) from Operations : (6,891) (21,494)
Finance cost : (683) (518)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (7,424) (21,836)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0114) (HKD 0.0351)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (7,424) (21,836)
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarterly 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

                                      For and on behalf of
                                   E-silkroad Holdings Limited
                        Signature :
                             Name :Leung Wai Sze, Grace
                            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 preparation

The accounts have been prepared under the historical cost
convention in accordance with accounting principles generally
accepted in Hong Kong and comply with accounting standards issued
by the Hong Kong Society of Accountants.

1. Interim dividend

The Directors do not recommend the payment of an interim dividend
in respect of the nine month ended 30 September 2002. (nine months
ended 30 September 2001: Nil)

1. Loss per share

The calculation of basic loss per share is based on the net loss
attributable to shareholders for the three months and nine months
ended 30 September 2002 of HK$2,385,000 and HK$7,424,000
respectively (three months and nine months ended 30 September 2001:
HK$6,853,000 and HK$21,836,000 respectively) and the weighted
average number of 653,720,000 ordinary shares of the Company in
issue during the aforementioned two periods ended 30 September 2002
(three months and nine months ended 30 September 2001: 653,250,435
and 621,404,747 shares respectively).

Diluted loss per share for the three months and nine months ended
30 September 2002 and 2001 have not been presented as the share
options outstanding during the periods had an anti-dilutive effect
on the basic loss per share for the relevant periods.