Sing Lee Software (Group) Limited — Earnings Release 2005

Aug 12, 2005

GEM

SING LEE<08076> - Results Announcement (Q2, 2005, Summary)

Sing Lee Software (Group) Limited announced on 12/08/2005:
(stock code: 08076 )

Year end date :31/12/2005
Currency :RMB
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 01/01/2005   from 01/01/2004
                                     to 30/06/2005     to 30/06/2004
                                          RMB$'000          RMB$'000

Turnover : 4,515 9,764
Profit/(Loss) from Operations : (19,078) (10,807)
Finance cost : (209) (137)
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 : (19,423) (10,999)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : RMB (0.0322) RMB (0.0182)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (19,423) (10,999)
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
Sing Lee Software (Group) Limited

Signature :
Name : Hung Yung Lai
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 accompanying financial statements 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. Except as otherwise stated, the
accompanying financial statements are prepared under the historical
cost convention.

Owing to the fact that the Group principally operates in the PRC and
its business activities are principally transacted in Renminbi ("RMB"),
the financial statements are prepared in RMB.

1. Turnover
   Six months ended
   30 June
   2005 2004
   RMB RMB
   ('000) ('000)
   Sale of software 3,306 6,249
   Sale of hardware 819 2,929
   Maintenance income 390 586
   _____ ______
   4,515 9,764
   ===== ======

2. Taxation
   Six months ended
   30 June
   2005 2004
   RMB RMB
   ('000) ('000)
   Business tax (Note a) 136 55
   ==== ====

Hong Kong profits tax has not been provided as the Group had no income
assessable for profits tax in Hong Kong for the six months ended 30
June 2005 (six months ended 30 June 2004: Nil).

PRC enterprise income tax has not been provided as the Group had no
estimated assessable profits for the six months ended 30 June
2005 (six months ended 30 June 2004: Nil).

There was no significant unprovided deferred taxation for the reported
periods.

Notes:
(a) Tax paid in respect to business operation and interest income of
PRC source.

1. Loss per share

The calculation of the Group's basic loss per share for the six
months ended 30 June 2005 based on the Group's unaudited loss
attributable to shareholder of approximately RMB19,423,000
(six months ended 30 June 2004: loss attributable to shareholders
of approximately RMB10,999,000) divided by the weighted average number
of ordinary shares outstanding for six months ended 30 June
2005 of 603,000,000 shares (six months ended 31 June 2004:
603,000,000 shares) in issue respectively.

Diluted loss per share has not been presented as the exercise of
share options would have an anti-dilutive effect during the six
months ended 30 June 2005 and six months ended 30 June 2004.

1. Dividend

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