hmvod Limited — Interim / Quarterly Report 2001

Feb 12, 2001

Results Announcement Form

Quarterly Results announcement form

Name of listed company :

Systek Information Technology (Holdings) Limited

Stock code : 8103 Year end date : 31/03/2001

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)		(* Unaudited)
		Current Period		Last Corresponding Period
		(dd/mm/yy)			(dd/mm/yy)
	from	01/04/2000		from	01/04/1999
	to	31/12/2000		to	31/12/1999
		HK$'000			HK$'000
Turnover	:	35,210			26,492
Profit/(Loss) from Operations	:		3,772		2,589
Finance cost	:		-593		-95
Share of Profit/(Loss) of Associates	:		0		0
Share of Profit/(Loss) of
Jointly Controlled Entites	:		0		0
Profit/(Loss) after Taxation & MI	:		3,194		1,830
% Change Over the Last Period	:		74.54	%
EPS / (LPS) - Basic	:	0.40	cents		0.31 cents
- Diluted	:	N/A			N/A
Extraordinary (ETD) Gain/(Loss)	:		0		0
Profit (Loss) after ETD Items	:		3,194		1,830
3rd Q * Dividend per Share	:		0		0
(specify if with other options)	:
B/C Dates for 3rd Q* 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	:	N/A
B/C Dates for Other Distribution	:	N/A		to	N/A	bdi.
* Please delete as appropriate					(bdi: both days inclusive)
Remarks	:

Page 1

Results Announcement Form

		For and on behalf of
		Systek Information Technology (Holdings)Limited
Signature	:
Name	:	TO,Chiwun-Caritas Christine
Title	:	CompanySecretary

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.

Page 2

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1. Basis of presentation

The  Group  resulting from the Reorganisaton has been regarded as a
continuing  group.  Accordingly,  the consolidated results have been
prepared  on  the basis of merger accounting, under which the Company
was the holding company of the Group for both

periods  presented, rather than from 26 August 2000. Furthermore, the
results  of the Group for the periods ended 31 December 1999 and 2000
include  the  results of the Company and its subsidiaries with effect
from  1  April 1999 or since their respective dates of incorporation,
whichever  is  a shorter period. In the opinion of the Directors, the
resulting  consolidated  results  give a more meaningful view of the
results of the Group as a whole.

All  significant  intra-group  transactions  and balances have been
eliminated in the preparation of the consolidated results.

2. Earnings per share

The  companies  comprising the Group underwent a reorganisation on 26
August  2000  to rationalise the Group's structure in preparation for
the listing of the Company's shares on the GEM.

The  calculation  of  basic  earnings  per  share is based on the
consolidated  profit attributable to shareholders for the nine months
and  three months ended 31 December 2000 of approximately HK$3,194,000
and  HK$1,073,000 respectively divided by the weighted average number
of  approximately 793,944,412 shares and 1,036,375,000 shares in issue
during the nine months and three months ended 31 December 2000.

The  calculation  of earnings per share for the nine months and three
months  ended  31  December  1999  is based on the combined profit
attributable  to  shareholders  of  approximately HK$1,830,000 and
HK$870,000  for  the  nine months and three months ended 31 December
1999 respectively divided by 599,999,942 shares in issue.

There  were no potential dilutive ordinary shares in issue during the
periods ended 31 December 1999 and 2000.

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