Sing Lee Software (Group) Limited — Interim / Quarterly Report 2002

Aug 14, 2002

Quarterly Results announcement form

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

Stock code : 08076

Year end date : 31st December, 2002

Auditors' report : N/A

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
(Unaudited) (Unaudited)
Quarterly Results Announcement Current Last Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 30/06/2002 to 30/06/2001
RMB'000 RMB'000

Turnover : 22,707 18,174
Profit/(Loss) from Operations : -7,952 -6,445
Finance cost : -330 -619
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : -8,282 -6,584
% Change Over the Last Period : N/A %
EPS / (LPS) - Basic :Rmb(1.37) cents Rmb(1.45) cents
- Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : -8,282 -6,584
2nd Q Dividend per Share : 0 Note 3
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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 :  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.

Remarks:

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").

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

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.

The principal accounting policies and methods of computation adopted
for the preparation of the interim financial statements are same
and consistent with those adopted by the Group in its audited
annual financial statements for the year ended 31st December, 2001.

1. Loss per share

The calculation of the Group's basic loss per share for the
three and six months ended 30th June, 2002 is based on the Group's
unaudited consolidated loss attributable to shareholder of
approximately Rmb 2,334,000 and Rmb8,282,000 (2001: approximately
Rmb3,853,000 and Rmb6,584,000 respectively) and the weighted average
number of 603,000,000 shares (three and six months ended
30th June, 2001: 453,000,000 shares) in issue respectively.

Diluted loss per share has not been presented as there was no
dilutive effect during the periods.

1. Dividend

The Board does not recommend the payment of an interim dividend
for the six months ended 30th June 2002.

A dividend of Rmb1,500,000 was declared and paid to the then
owners / shareholders of subsidiaries of the Company during the
comparable period last year before the listing of the shares
of the Company on GEM.