Phoenitron Holdings Limited — Earnings Release 2004

Nov 9, 2004

GEM

CARDLINK TECH<08066> - Results Announcement

Cardlink Technology Group Limited announced on 09/11/2004:
(stock code: 08066 )
Year end date: 31/12/2004
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

Important Note:

This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com

                                                    (Unaudited )
                                 (Unaudited )       Last
                                 Current            Corresponding
                                 Period             Period
                                 from 01/01/2004    from 01/01/2003
                                 to 30/09/2004      to 30/09/2003 
                           Note  ('000      )       ('000      )

Turnover : 42,312 30,093
Profit/(Loss) from Operations : 961 (7,302)
Finance cost : (172) (77)
Share of Profit/(Loss) of
Associates : N/A N/A
Share of Profit/(Loss) of
Jointly Controlled Entities : N/A N/A
Profit/(Loss) after Tax & MI : 789 (7,379)
% Change over Last Period : N/A %
EPS/(LPS)-Basic (in dollars) : 0.0025 (0.0231)
-Diluted (in dollars) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit/(Loss) after ETD Items : 789 (7,379)
3rd Quarter Dividend : NIL NIL
per Share
(Specify if with other : N/A N/A
options)

B/C Dates for
3rd Quarter Dividend : N/A
Payable Date : N/A
B/C Dates for (-)
General Meeting : N/A
Other Distribution for : NIL
Current Period

B/C Dates for Other
Distribution : N/A

For and on behalf of 
Cardlink Technology Group Limited

Name : Ho Lut Wa, Anton
Title : Executive 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 consolidated results have been prepared in
accordance with Statements of Standard Accounting Practice issued
by the Hong Kong Institute of Certified Public Accountants,
accounting principles generally accepted in Hong Kong and the
applicable disclosure provisions of the Rules governing the
Listing of Securities on GEM of the Stock Exchange.

1. Basic earning/(loss) per share

The calculation of basic earnings/(loss) per share for the three
months and the nine months ended 30 September 2004 is based on
the unaudited profit attributable to shareholders of HK$1,656,787
and HK$789,031 (2003: loss of HK$3,351,147 and HK$7,379,266) and
the weighted average number of 320,000,000 (2003: 320,000,000)
shares in issue.

Diluted earnings per share for the three months and the nine
months ended 30 September 2004 have not been presented as the
exercise price of the share options granted by the Company was
higher than the average market price for shares during the
relevant periods.