Sing Lee Software (Group) Limited — Earnings Release 2005

Mar 27, 2006

GEM

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

Sing Lee Software (Group) Limited announced on 24/03/2006:
(stock code: 08076 )

Year end date :31/12/2005
Currency :RMB
Auditors' report :Qualified

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

                                         (Audited)         (Audited)
                                          Current Last Corresponding
                                           Period            Period
                                   from 01/01/2005   from 01/01/2004
                                     to 31/12/2005     to 31/12/2004
                                          RMB$'000          RMB$'000

Turnover : 11,276 40,303
Profit/(Loss) from Operations : (36,395) (2,124)
Finance cost : (826) (222)
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 : (37,221) (2,346)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (RMB 0.0617) (RMB 0.0039)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (37,221) (2,346)
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final 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

                                     2005     2004
                                     RMB       RMB
                                    ('000)    ('000)
   

   Sale of software 5,253 9,619
   Sale of hardware 2,950 17,062
   Maintenance income 3,073 13,622
   _____ ______
   11,276 40,303
   ===== ======

2. Taxation

                                     2005     2004
                                     RMB       RMB
                                    ('000)    ('000)
   

   PRC enterprise income tax (c) - -
   ==== ====

(a) Overseas income tax
The company is incorporated in Bermuda and is exempt from taxation
in Bermuda until 28 March 2016. The company's subsidiary
established in BVI is incorporated under the International
Business Companies Acts of the BVI and, accordingly, is exempt
from payment of BVI Income taxes.

(b) Hong Kong Profits tax
No Hong Kong profits tax was provided as the Group had no
assessable profit arising in or derived from Hong Kong.

(c) PRC enterprise income tax
As foreign investment enterprise that incorporated in the Advanced
Technology Industry Development Area in Hangzhou City and Zhuhai
are entitled to full exemption from income tax for two years
with effect from its first profitable year after offsetting prior
year's losses and a 50% reduction in income tax for the following
three years. Foreign investment enterprises are also exempted
from income tax in years with financial loss.

1. Dividend

The Board does not recommend the payment of dividend for the year
ended 31 December 2005 (year ended 31 December 2004 : Nil).