NOIZ Group Ltd. — Earnings Release 2003

Aug 11, 2003

GEM

TRADEEASY<08163> - Results Announcement (Q1, 2003/2004, Summary)

TRADEEASY HOLDINGS LIMITED announced on 11/08/2003:
(stock code: 08163 )

Year end date :31/03/2004
Currency :HKD
Auditors' report :N/A
Review of 1st Quarterly Report 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 01/04/2003   from 01/04/2002
                                     to 30/06/2003     to 30/06/2002
                                             $'000             $'000

Turnover : 9,015 9,147
Profit/(Loss) from Operations : (608) (1,346)
Finance cost : 0 (48)
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 : (608) (1,394)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0015) (HKD 0.0035)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (608) (1,394)
1st Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarterly 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

                                   For and on behalf of
                                   TRADEEASY HOLDINGS LIMITED
                        Signature :
                             Name :YIP KWOK CHEUNG
                            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.

Remark:
1. Basis of preparation and consolidation

These financial statements have been prepared in accordance with
Hong Kong Statements of Standard Accounting Practice ("HKSSAPs"),
accounting principles generally accepted in Hong Kong and the disclosure
requirements of the Hong Kong Companies Ordinance. They have been
prepared under the historical cost convention.

The consolidated financial statements include the financial
statements of the Company and its subsidiaries for the three months
ended 30 June 2003. The results of subsidiaries acquired or
disposed of during the period are consolidated from or to their
effective dates of acquisition or disposal, respectively. The
unaudited financial statements also comply with the disclosure
requirements of the Rules Governing the Listing of Securities on the
Growth Enterprise Market of the Stock Exchange of Hong Kong Limited
(the "GEM Listing Rules").

All significant intercompany transactions and balacnes within the
Group are eliminated on consolidation.

1. Impact of the revised HKSSAPs

The basis of preparation and principal accounting policies
adopted for the preparation of these unaudited consolidated
financial statements are consistent with those used in the
preparation of the Group's audited financial statements for
the year ended 31 March 2003, except that the Group has adopted
SSAP 12 (Revised) "Income Taxes" which prescribes new accounting
measurements and disclosure practices. The adoption of this
SSAP 12 (Revised) during the financial period under review does
not have any significant effect on the Group's unaudited consolidated
results for the period and the prior period.

1. Loss per share

The calculation of basic loss per share for the three months ended
30 June 2003 is based on the net loss from ordinary activities
attributable to shareholders for the three months ended 30 June 2003
of approximately HK$0.6 million (2002: net loss of HK$1.4 million) and
the weighted average of approximately 400,000,000 shares (2002:
400,000,000 shares).

Diluted loss per share for the three months ended 30 June 2003 and
30 June 2002 have not been presented as no diluting events occurred
during those periods. The Company's share options outstanding during
those periods had an anti-dilutive effect on the basic loss per share
for the relevant periods.

1. Dividend

The Directors do not recommend the payment of any dividend for the
three months ended 30 June 2003 (2002: Nil).