Sing Lee Software (Group) Limited — Earnings Release 2002

May 14, 2002

 
    Quarterly Results announcement form

Name of listed company :Sing Lee Software (Group) Limited

Stock code :8076

Year end date :31st December, 2002

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

Currency: RMB'000
(Unaudited) (Audited)
Quarterly Results Announcement Current Last Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 31/03/2002 to 31/03/2001
RMB'000 RMB'000

Turnover : 8,371 9,155
Profit/(Loss) from Operations : -5,806 -2,958
Finance cost : -110 -253
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : -5,948 -2,731
% Change Over the Last Period : N/A %
EPS / (LPS) - Basic :Rmb(0.99) cents Rmb(0.60) cents
- Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : -5,948 -2,731
1st Q Dividend per Share : 0 0
(specify if with other options) : N/A N/A
B/C Dates for 1st Q Dividend : N/A to N/A bdi.
Payable Date : N/A
B/C Dates for AGM/SGM : N/A to N/A bdi.
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A to N/A bdi.
(bdi: both days inclusive)

                                     For and on behalf of
                                     Sing Lee Software (Group) Limited
                          Signature :
                               Name :Li Kei Ling
                              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.

Remark:

1. Basis of preparation

The Company was incorporated in Bermuda as an exempted company
with limited liability on 27th October, 2000 under the Company Act
1981 of Bermuda. In preparation for the listing of the Company's
shares on GEM, a group reorganization was effected whereby the
Company became the holding company of the Group on 27th August,
2001. The shares of the Company (the "Shares") were listed on GEM
on 5th September, 2001 (the "Listing Date").

The results of the Group have been prepared on the basis of the
pooling of interest method 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 the
respective subsidiaries now comprising the Group, whichever is a
shorter period.

All significant intra-group transactions and balances have been
eliminated on combination.

The consolidated results have been prepared in accordance with
International Financial Reporting Standards ("IFRS") issued by
the International Accounting Standards Board, the disclosure
requirements of the Hong Kong Companies Ordinance and the
Rules Governing the Listing of Securities on GEM.

1. Loss per share

The calculation of the Group's basic loss per share for the
three months ended 31st March, 2002 is based on the Group's
unaudited consolidated loss attributable to shareholder of
approximately Rmb 5,948,000 (2001: audited combined loss
attributable to shareholders of approximately Rmb2,731,000)
and the weighted average number of 603,000,000 shares
(2001: 453,000,000 shares) in issue respectively.

There were no dilutive potential shares in issue during the
quarters ended 31st March, 2002 and 2001.