NOIZ Group Ltd. — Earnings Release 2003

Jun 23, 2003

GEM

TRADEEASY<08163> - Results Announcement (Final, 2002/2003, Summary)

TRADEEASY HOLDINGS LIMITED announced on 23/06/2003:
(stock code :08163)

Year end date :31/03/2003
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report by :N/A

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

                                         (Audited)         (Audited)
                                           Current              Last 
                                                       Corresponding
                                            Period            Period
                                   from 01/04/2002   from 01/04/2001
                                     to 31/03/2003     to 31/03/2002
                                             $'000             $'000

Turnover : 34,163 52,793
Profit/(Loss) from Operations : (8,353) 10,805
Finance cost : (174) (271)
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 : (8,527) 10,534
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.021) HKD 0.03
Diluted (in dollar) : N/A HKD 0.03
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (8,527) 10,534
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final 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.

Remarks:

1. Group reorganisation and Basis of Presentation

The Company was incorporated as an exempted company with limited
liability in the Cayman Islands on 20 September 2001 under the
Companies Law (Revised) of the Cayman Islands. In the preparation
of the listing of the Company's shares on GEM, a group
reorganisation ("Group Reorganisation") was effected whereby the
Company became the holding company of the Group on 20 February 2002.
The shares of the Company were listed on GEM on 7 March 2002. The
details of the Group Reorganisation and the listing of the Company's
shares on GEM were set out in the prospectus dated 26 February 2002
(the "Prospectus").

The results of the Group have been prepared on a merger basis as if
the current group structure had been in existence throughout the
periods under review or since the respective dates of incorporation
or establishment of respective companies now comprising the Group,
whichever is the shorter period. All significant intra-group
transactions and balances have been elimineted on consolidation.

The same accounting policies adopted in the 2001/2002 annual
accounts have been applied to this annual report.

1. Earnings / (Loss) per share

The calculation of basic earnings/(loss) per share is
based on the net loss from ordinary activities
attributable to shareholders for the year of
approximately HK$8,527,000 (2001: net profit of
HK$10,534,000) and the weighted average of
approximately 400,000,000 shares (2001: 353,425,000
shares) deemed to have been in issue during the year.

The calculation of diluted earnings per share for the year
ended 31 March 2002 is based on the net profit from
ordinary activities attributable to shareholders for
the year of approximately HK$10,534,000. The weighted
average number of ordinary shares used in the calculation
is the 353,425,000 shares deemed to have been in issue
during the year, as used in the basic earnings per share
calculation; and the weighted average of approximately
174,000 shares assumed to have been issued at no
consideration on the deemed exercise of all share options
during the year.

Diluted loss per share amount for the year ended 31 March
2003 has not been disclosed as no diluting events
existed during the year.

1. Dividend

The Board of Directors does not recommend the payment of a
final dividend for the year ended 31 March 2003 (2002:Nil).