NOIZ Group Ltd. — Earnings Release 2004

Jun 18, 2004

GEM

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

TRADEEASY HOLDINGS LIMITED announced on 18/06/2004:
(stock code: 08163 )

Year end date :31/03/2004
Currency :HKD
Auditors' report :Unqualified

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 01/04/2003   from 01/04/2002
                                     to 31/03/2004     to 31/03/2003
                                             $'000             $'000

Turnover : 31,862 34,163
Profit/(Loss) from Operations : (21,944) (8,353)
Finance cost : N/A (174)
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 : (21,944) (8,527)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.55) (HKD 0.21)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (21,944) (8,527)
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
(bdi: both days inclusive)

For and on behalf of
TRADEEASY HOLDINGS LIMITED

Signature :
Name : YU LUP FAT
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
to the Information and undertake to indemnify the Exchange against all
undertake to indemnify the Exchange against all liability incurred and all losses
suffered by the Exchange in connection with or relating to the Information.

1. BASIS OF PREPARATION

These financial statements have been prepared in accordance with Hong
Kong Statements of Standard Accounting Practice, 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.

1. IMPACT OF A REVISED STATEMENT OF STANDARD ACCOUNTING PRACTICE("SSAP")

SSAP 12(Revised)"Income taxes" is effective for the first time for the
current year's financial statements.

SSAP 12 prescribes the accounting for income taxes payable or
recoverable, arising from the taxable profit or loss for the current
period (current tax); and income taxes payable or recoverable in future
periods, principally arising from taxable and deductible temporary
differences and the carryforward of unused tax losses (deferred tax).

The SSAP has had no significant impact for these financial statements on
the amounts recorded for income taxes.

1. LOSS PER SHARE

The calculation of basic loss per share is based on the net loss from
ordinary activities attributable to shareholders for the year of
HK$21,944,000 (2003: HK$8,527,000) and the weighted average of
400,000,000 ordinary share in issue (2003: 400,000,000) during the year.

Diluted loss per share amounts for the years ended 31 March 2004 and
2003 have not been disclosed as the share options outstanding during
these years had an anti-dilutive effect on the basic loss per share for
these years.

1. DIVIDEND

No dividend has been paid or declared by the Company or any of its
subsidiaries during the year (2003: Nil).