hmvod Limited — Earnings Release 2006

Jul 21, 2006

GEM

TAI SHING<08103> - Results Announcement (Q1, 2006/2007, Summary)

Tai Shing International (Holdings) Limited announced on 21/7/2006:
(stock code: 08103 )

Year end date :31/03/2007
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 01/04/2006   from 01/04/2005
                                     to 30/06/2006     to 30/06/2005
                                             $'000             $'000

Turnover : 14,272 19,331
Profit/(Loss) from Operations : 2,124 545
Finance cost : 0 (45)
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 : 1,995 (103)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD 0.0219 (HKD 0.0014)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 1,995 (103)
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
Tai Shing International (Holdings) Limited

Signature :
Name : Ho Cho Hang
Title : Director

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. TURNOVER

Turnover represents income arising from the provision of systems
development and integration, the sales of software and hardware
products and the provision of professional services.

An analysis of the turnover by principal activities of the
operations of the Group during the reporting periods is as
follows:

                                         Unaudited
                                     Three months ended
                                          30 June
                                     2006          2005
                                    HK$'000       HK$'000

Continuing operations
Systems development and integration 14,272 19,050
Professional services fees - 281
______ ______
14,272 19,331

Discontinued operation
Training fees - 62
______ ______
14,272 19,393
====== ======

1. PROFIT/(LOSS) BEFORE TAX

Profit/(Loss) before tax is stated after charging/(crediting):

                                         Unaudited
                                     Three months ended
                                          30 June
                                     2006          2005
                                    HK$'000       HK$'000

Crediting
Interest income 15 -
====== ======

Charging
Auditors' remuneration 170 -
Depreciation 291 15
Finance costs - bank interests - 45
Operating lease 109 44
Staff costs 3,592 3,811
====== ======

1. EARNINGS/(LOSS) PER SHARE

(a) Basic earnings/(loss) per share

From continuing and discontinued operations

The calculation of basic earnings/(loss) per share
attributable to equity holders of the Company for the three months
ended 30 June 2006 is based on the profit attributable to equity
holders of the Company of approximately HK$1,995,000 (2005:
loss of approximately HK$103,000) and the weighted average number of
90,995,000 (2005: 75,105,000) ordinary shares in issue during the
period.

From continuing operations

The calculation of basic earnings/(loss) per share from
continuing operations attributable to equity holders of the Company
for the three months ended 30 June 2006 is based on the profit
attributable to equity holders of the Company of approximately
HK$1,995,000 (2005: loss of approximately HK$136,000) and the weighted
average number of 90,995,000 (2005: 75,105,000) ordinary shares
in issue during the period.

From discontinued operation

Basic earnings per share for the discontinued operation is nil
per share (2005: 0.04 HK cents per share) based on the profit for
the period from discontinued operation of nil (2005: HK$33,000)
and the weighted average number of 90,995,000 (2005: 75,105,000)
ordinary shares in issue during the period.

(b) Diluted earnings/(loss) per share

There were no dilutive potential shares in issue during the three
months ended 30 June 2006 and 2005, accordingly, no diluted
earnings/(loss) per share has been presented.