Joy Spreader Group Inc. — Earnings Release 2005

May 13, 2005

GEM

MEGAINFO<08279> - Results Announcement (Q3, 2004/2005, Summary)

MegaInfo Holdings Limited announced on 12/05/2005:
(stock code: 08279 )

Year end date :30/06/2005
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 01/07/2004   from 01/07/2003
                                     to 31/03/2005     to 31/03/2004
                                             $'000             $'000

Turnover : 9,236 8,057
Profit/(Loss) from Operations : (17,957) (2,877)
Finance cost : 0 2
Share of Profit/(Loss) of Associates : 0 N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (17,957) (2,879)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.03356) (HKD 0.00538)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (17,957) (2,879)
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
MegaInfo Holdings Limited

Signature :
Name : Wong Chit Lung Philip
Title : Company Secretary

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 condensed consolidated accounts have been prepared in
accordance with the Statement of Standard Accounting Practice issued by
Hong Kong Institute of Certified Public Accountants and the disclosure
requirements set out in Chapter 18 of the GEM Listing Rules.

The condensed conlidated accounts have not been audited by the Company's
auditors, but have been reviewed by the Company's audit committee.

The accounting policies and methods of computation used in the
preparation of the unaudited condensed accounts are consistent with
those used in the audited financial statement for the year ended 30
June 2004.

1. Turonver

The Group is principally engaged in the provision of digital image
processing management solutions and products maintenance services in
PRC and Macao.

1. Taxation

No provision for profits tax has been made in the accounts as the
Group does not have any estimated assessable profits in the
jurisdictions in which the Group operates for both period ended 31
March 2005 and 2004.

1. Dividends

The Board does not recommend the payment of an interim dividend for the
six months ended 31 March 2005 (2004: Nil)

1. Loss per share

The calculation of basic loss per share is based on the Group's loss for
the nine months ended 31 March 2005 of HK$18,009,398 (2004:
HK$2,878,572) and the weighted average of 535,000,000 shares (2004:
535,000,000 shares) in issue.

Diluted loss per share has not been disclosed as there were no potential
dilutive ordinary shares.