CHYY Development Group Limited — Earnings Release 2006

Aug 14, 2006

GEM

IIN INT'L<08128> - Results Announcement (Q3, 2005/2006, Summary)

IIN International Limited announced on 11/8/2006:
(stock code: 08128 )

Year end date :30/09/2006
Currency :HKD
Auditors' report :N/A
3rd 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 1/10/2005    from 1/10/2004
                                      to 30/6/2006      to 30/6/2005
                                             $'000             $'000

Turnover : 46,995 52,015
Profit/(Loss) from Operations : (6,455) (21,580)
Finance cost : (1,405) (1,306)
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (8,950) (20,845)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0057) (HKD 0.0135)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (8,950) (20,845)
3rd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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
IIN International Limited

Signature :
Name : Wu Shu Min
Title : Chairman

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 unaudited consolidated results have been prepared in accordance
with Chapter 18 of the Rules Governing the Listing of Securities on
the Growth Enterprise Market of The Stock Exchange of Hong Kong
Limited (the "GEM Listing Rules").

The unaudited consolidated results have been prepared in accordance
with accounting principles generally accepted in Hong Kong which
include Hong Kong Financial Reporting Standards ("HKFRS"),
Hong Kong Accounting Standards and Interpretations
(collectively, "new HKFRSs") issued by the Hong Kong Institute
of Certified Public Accountants.

The accounting policies and methods of computation used in the
preparation of this financial statements are the same as those
adopted in preparing the annual audited financial statements for
the year ended 30 September 2005 except that the Group has
changed certain of its accounting policies following its adoption
of the new HKFRSs which are effective for accounting periods on
or after 1 January 2005. The adoption of the new HKFRSs had no
material impact on the Company's results of operations and
financial position except certain presentation and disclosure of
financial statements would be changed.

Certain comparative figures have been reclassified to conform with
the current periods' presentation resulting from the adoption of
the new HKFRSs.

1. Dividend

The Board does not recommend payment of a dividend for the
Review Period (2005: Nil).

1. Loss per share attributable to the equity holders of the Company

The calculation of basic loss per share for the three months and
nine months ended 30 June 2006 is based on the respective unaudited
consolidated net loss attributable to the equity holders of the
Company of approximately HK$2,767,000 and HK$8,950,000
(2005: approximately HK$9,991,000 and HK$20,845,000) and
the weighted average of 1,628,160,470 shares and
1,582,827,137 shares respectively (2005: 1,543,160,470 shares
and 1,543,160,470 shares respectively) in issue during the periods.

The diluted loss per share for the three months and nine months
ended 30 June 2006 and 2005 has not been presented as the
potential ordinary shares outstanding had an anti-dilutive effect
on the basic loss per share for the three months and nine months
ended 30 June 2006 and 2005.