Sing Lee Software (Group) Limited — Earnings Release 2001

Mar 25, 2002

Yearly Results announcement form

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

Stock code : 8076

Year end date : 31st December, 2001

Auditors' report : Qualified
Modified
X Neither

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

Currency: Rmb'000
(Audited) (Audited)
Final Results Announcement Current Last Corresponding
Period Period
from 01/01/2001 from 01/01/2000
to 31/12/2001 to 31/12/2000
Rmb'000 Rmb'000

Turnover : 70,416 87,028
Profit/(Loss) from Operations : 11,955 15,527
Finance cost : -1,196 -771
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 10,460 10,826
% Change Over the Last Period : -3.38 %
EPS / (LPS) - Basic : Rmb2.09 cents Rmb2.39 cents
- Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 10,460 10,826
Final Dividend per Share : HK$0.005 0
(specify if with other options) : N/A N/A
B/C Dates for Final Dividend : 18/04/2002 to 25/04/2002 bdi.
Payable Date : 24/05/2002
B/C Dates for AGM/SGM : 18/04/2002 to 25/04/2002 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 :   Hung Yung Lai
                           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 presentation

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 were
listed on GEM on 5th September, 2001.

The results of the Group have been prepared on a uniting
of interests basis 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.

The combined 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 the GEM.

1. Earnings per share

The calculation of basic earnings per share is based on
the combined net profit for the year attributable to
shareholders of approximately Rmb10,460,000
(2000: Rmb10,826,000) divided by the weighted
average number of ordinary shares outstanding during
the year of 501,360,000 shares
(2000: 453,000,000 shares). The weighted average
number of shares outstanding for 2000 is calculated
assuming all ordinary shares outstanding at
31 December 2001, except for the 150,000,000
ordinary shares issued in 2001 through placing, were
outstanding throughout 2000. No diluted earnings
per share was presented as there was no dilutive
potential ordinary shares issued for the year.