NOIZ Group Ltd. — Earnings Release 2006

Nov 10, 2005

GEM

TRADEEASY<08163> - Results Announcement (Q2, 2005/2006, Summary)

Tradeeasy Holdings Limited announced on 10/11/2005:
(stock code: 08163 )

Year end date :31/03/2006
Currency :HKD
Auditors' report :N/A
2nd 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 01/04/2005   from 01/04/2004
                                     to 30/09/2005     to 30/09/2004
                                             $'000             $'000

Turnover : 21,145 19,442
Profit/(Loss) from Operations : 1,349 1,629
Finance cost : N/A N/A
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 : 1,276 1,629
% Change Over the Last Period : -21.67%
EPS / (LPS)
Basic (in dollar) : HKD 0.003 HKD 0.0039
Diluted (in dollar) : HKD 0.0029 N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 1,276 1,629
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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
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. Basis of preparation

The unaudited interim results have been prepared in accordance with
Hong Kong Financial Reporting Standards (which also include Hong
Kong Accounting Standards and Interpretations) issued by the Hong
Kong Institute of Certified Public Accountants ("HKICPA"),
accounting principles generally accepted in Hong Kong and the
disclosure requirements of the Rules Governing the Listing of
Securities on the GEM of the Stock Exchange. They have been
prepared under the historical cost convention.

In 2004, the HKICPA issued a number of new and revised Hong Kong
Financial Reporting Standards and Hong Kong Accounting Standards,
herein collectively referred to as the new HKFRSs, which are
generally effective for accounting periods beginning on or after
1 January 2005. The adoption of the new HKFRSs had no material
impact on the Group's results of operations and financial position
except certain presentation and disclosure of accounts would be
affected.

Saved as disclosed below, the accounting policies and methods of
computation in the preparation of the interim financial statements
are consistent with those used in the annual financial statements
for the year ended 31 March 2005.

In 2005, the Group has adopted the new HKFRSs which are effective
for periods beginning or after 1 January 2005. The accounting
policies which have material impacts on the Group are set out
below:

The adoption of HKFRS 2 has resulted in a change in accounting
policy for employee share options. Prior to this, the provision of
share options to employee did not result in a charge to the income
statement. Following the adoption of HKFRS 2, the fair value of
share options at grant date is amortised over the relevant vesting
periods to the income statement.

The adoption of other new HKFRS does not result in material changes
to the Group's accounting policies except certain presentation and
disclosure of the accounts would be afected.

1. Earnings per share

The calculation of basic earnings per share for the three months
and the six months ended 30 September 2005 and 2004, is based on the
profit attributable to shareholders of HK$600,000 and HK$1,300,000
respectively (2004: HK$900,000 and HK$1,600,000) and on the weighted
average of 421,000,000 ordinary shares in issue (2004: 421,000,000
ordinary shares) during those periods.

The calculation of diluted earnings per share for the three months
and six months ended 30 September 2005 is based on the profit
attributable to shareholders for the period of HK$600,000 and
HK$1,300,000 respectively. The number of ordinary shares used in
the calculation is 421,000,000 ordinary shares in issue during the
periods, as used in the basic earnings per share calculation; and
weighted average of 14,123,118 ordinary shares and 13,009,367
ordinary shares repectively, assumed to have been issued at no
consideration on the deemed exercise of all share options outstanding
during the three months and six months ended 30 September 2005.

A diluted earnings per share amount for the period ended 30 September
2004 has not been disclosed as the share options outstanding during
that period had an anti-dilutive effect on the basic earnings per
share for that period.

1. Interim Dividend

The Board does not recommend payment of any interim dividend for
the six months ended 30 September 2005 (2004: Nil).