CHYY Development Group Limited — Interim / Quarterly Report 2005

Aug 15, 2005

GEM

IIN INT'L<08128> - Results Announcement (Q3, 2004/2005, Summary)

IIN International Limited announced on 12/08/2005:
(stock code: 08128 )

Year end date :30/09/2005
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 01/10/2004   from 01/10/2003
                                     to 30/06/2005     to 30/06/2004
                                             $'000             $'000

Turnover : 52,015 102,622
Profit/(Loss) from Operations : (21,580) (13,588)
Finance cost : (1,306) (1,491)
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 : (20,845) (14,473)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0135) (HKD 0.0101)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (20,845) (14,473)
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 results of the Group have been prepared in accordance
with the Statements of Standard Accounting Practice issued by the
Hong Kong Institute of Certified Public Accountants.

The unaudited results have been reviewed by the audit committee
of the Company.

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 nine months
                                            ended 30 June
                                              2005        2004
                                           HK$'000     HK$'000
                                       (Unaudited) (Unaudited)

Telecommunications network
infrastructure solutions 27,806 47,687
Network management solutions 905 2,647
Other network solutions for
sectors other than telecommunications 1,567 14,113
Transmission 21,737 38,175
------- -------
52,015 102,622
======= =======

1. Loss from operating activities

The Group's loss from operating activities is arrived at after
charging:

                                           For the nine months
                                             ended 30 June
                                              2005        2004
                                           HK$'000     HK$'000
                                       (Unaudited) (Unaudited)

Staff costs (including directors'
emoluments) 7,106 8,637
Depreciation 4,325 3,336
Amortisation of deferred development costs 444 786
Amortisation of goodwill 4,027 2,578
Minimum lease payments under
operating leases in respect
of land and buildings 1,468 963
Provision for doubtful debts 5,451 141

1. Loss per share

The calculation of basic loss per share for the three months and
nine months ended 30 June 2005 is based on the respective unaudited
consolidated net loss from ordinary activities attributable to
shareholders of approximately HK$9,991,000 and HK$20,845,000
(three months ended 30 June 2004: approximately HK$6,489,000 and
nine months ended 30 June 2004: approximately HK$14,473,000) and
the weighted average number of 1,543,160,470 shares and
1,543,160,470 shares respectively (2004: 1,440,033,057 shares and
1,437,684,975 shares respectively) in issue during the periods.

The diluted loss per share for the three months and nine months
ended 30 June 2005 and 2004 are not 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 2005 and 2004.

1. Dividend

The Directors do not recommend payment of an interim dividend
for the period (2004: Nil)