CHYY Development Group Limited — Earnings Release 2005

Feb 14, 2006

GEM

IIN INT'L<08128> - Results Announcement (Q1, 2005/2006, Summary)

IIN International Limited announced on 13/02/2006:
(stock code: 08128 )

Year end date :30/09/2006
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 01/10/2005   from 01/10/2004
                                     to 31/12/2005     to 31/12/2004
                                             $'000             $'000

Turnover : 13,220 32,422
Profit/(Loss) from Operations : (866) (4,548)
Finance cost : (325) (360)
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 : (1,500) (4,827)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.001) (HKD 0.0031)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (1,500) (4,827)
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
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 presentation

The principal accounting policies adopted in preparing the
unaudited consolidated results conform with the new and revised
Hong Kong Financial Reporting Standards and Hong Kong Accounting
Standards (collectively referred to as "HKFRSs") issued by the
Hong Kong Institute of Certified Public Accountants, which are
effective for accounting periods beginning on or after 1 January
2005. The adoption of the new HKFRSs has resulted in changes to
the Group's accounting policies in the following areas that have
an effect on how the results for current or prior accounting
periods are prepared and presented.

HKAS 1 Presentation of Financial Statements and HKAS 27
Consolidated and Separate Financial Statements

The adoption of HKAS 1 and HKAS 27 affects certain presentation
and disclosure of the accounts. According to HKAS 1 and HKAS 27,
minority interests at the balance sheet are presented in the
consolidated balance sheet within equity, separately from the
equity attributable to the equity holders of the Company, and
minority interests in the results of the Group for the period
are presented on the face of the consolidated income statement
as an allocation of the total profit and loss for the period
between minority interests and the equity holders of the Company.

The unaudited consolidated results have been reviewed by the
Company��s audit committee.

1. Turnover

Turnover represents the net invoiced value of goods sold, after
allowances for returns, trade discounts and business tax where
applicable, and services rendered.
An analysis of the Group's turnover is as follows:

                                       For the three months
                                          ended 31 December
                                          2005        2004
                                       HK$'000     HK$'000
                                    (Unaudited) (Unaudited)

Network infrastructure solutions - 27,517
Network management solutions - 589
Other network solutions for sectors
other than telecommunications 293 -
Transmission 12,927 4,316
------ ------
13,220 32,422
====== ======

1. Loss from operating activities
   The Group's loss from operating activities is arrived at after
   charging:
   For the three months
   ended 31 December
   2005 2004
   HK$'000 HK$'000
   (Unaudited) (Unaudited)
   Staff costs (including directors��
   emolutions) 1,072 2,483
   Depreciation 570 924
   Amortisation of deferred development
   costs 52 172
   Amortisation of goodwill - 1,352
   Minimum lease payments under operating
   leases in respect of land and buildings 126 433
   Provision for doubtful debts - 495

2. Loss per share

The calculation of basic loss per share for the three months
ended 31 December 2005 is based on the unaudited consolidated net
loss from ordinary activities attributable to shareholders of
approximately HK$1,500,000 (2004: approximately HK$4,827,000) and
the weighted average of 1,543,160,470 shares (2004: 1,543,160,470
shares) in issue during the period.
The diluted loss per share for the three months ended 31 December
2005 and 2004 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 ended 31 December 2005 and 2004.

1. Dividend

The Board does not recommend payment of a dividend for the Review
Period (2004: Nil).