NOIZ Group Ltd. — Earnings Release 2004

Feb 11, 2004

GEM

TRADEEASY<08163> - Results Announcement (Q3, 2003/2004, Summary)

TRADEEASY HOLDINGS LIMITED announced on 11/02/2004:
(stock code: 08163 )

Year end date :31/03/2004
Currency :HKD
Auditors' report :N/A
Review of 3rd 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 31/12/2003     to 31/12/2002
                                             $'000             $'000

Turnover : 25,443 26,573
Profit/(Loss) from Operations : (14,950) (6,394)
Finance cost : 0 (151)
Share of Profit/(Loss) of Associates : (2) N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (14,952) (6,545)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0374) (HKD 0.0164)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (14,952) (6,545)
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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 unaudited consolidated financial statements have been prepared in
accordance with the 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 unaudited consolidated financial statements include the financial
statements of the Company and its subsidiaries for the nine months
ended 31 December 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 consolidated 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.

All significant intercompany transactions and balances 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 and
the nine months ended 31 December 2003 and 2002 respectively, is based
on the net loss from ordinary activities attributable to shareholders of
approximately HK$12.1 million and HK$15.0 million (2002: net loss of
approximately HK$1.5 million and HK$6.5 million) and on the weighted
average of 400,000,000 ordinary shares in issue (2002: 400,000,000
ordinary shares) during those periods.

Diluted loss per share for the three months and the nine months ended
31 December 2003 and 2002 respectively, have not been presented as the
Company's share options outstanding during those periods had an
anti-dilutive effect on the respective basic loss per share for the
periods.

1. Dividend

The board of directors do not recommend payment of any dividend
for the nine months ended 31 December 2003 (2002: Nil).