China Netcom Technology Holdings Limited — Earnings Release 2001

Mar 26, 2002

Yearly Results announcement form

Name of listed company : E-silkroad Holdings Limited

Stock code : 8071

Year end date : 31/12/2001

Auditors' report : Qualified
Modified
x Neither

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

Currency: HK$'000
(Audited) (Audited)
Final Results Announcement Current Last
Corresponding
Period Period
from 01/01/2001 from 01/01/2000
to 31/12/2001 to 31/12/2000
HK$'000 HK$'000

Turnover : 6,543 3,080
Profit/(Loss) from Operations : (27,212) (19,885)
Finance cost : (653) (143)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (27,690) (19,953)
% Change Over the Last Period : N/A %
EPS / (LPS) - Basic : -4.4HKcents -3.97HKcents
- Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : (27,690) (19,953)
Final Dividend per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final Dividend : N/A to N/A bdi.
Payable Date : N/A
B/C Dates for AGM/SGM : N/A to N/A bdi.
Other Distribution for Current Period: NIL
B/C Dates for Other Distribution : N/A to N/A bdi.
(bdi: both days inclusive)

                                               For and on behalf of
                                        E-silkroad Holdings Limited
                       Signature :
                       Name      :         Ms. Leung Wai Sze, Grace
                       Title     :             Financial Controller

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

These financial statements have been prepared in
accordance with SSAPs, accounting principles
generally accepted in HongKong and the disclosure
requirements of the Hong Kong Companies Ordinance.
They have been prepared under the historical cost
convention.

1. Basis of consolidation

The consolidation financial statements include the
financial statements of the Company and its
subsidiaries for the year ended 31 December 2001.
The results of subsidiaries acquired or disposed of
during the year are consolidated from or to their
effective dates of acquisition or disposal,
respectively. All significant intercompany
transactions and balances within the Group are
eliminated on consolidation.

1. Loss per share

The calculation of basic loss per share is based on
the net loss attributable to shareholders for the year
of HK$27,690,000 (2000: HK$19,953,000) and the
weighted average number of 629,188,603 ordinary
shares (2000: pro forma issued share capital of
502,400,000 shares) of the Company.

Diluted loss per share for the year ended 31 December
2001 and 2000 has not been presented as the share
options outstanding during the year had an
anti-dilutive effect on the basis loss per share for
both years.