Youzan Technology Limited — Earnings Release 2002

Nov 11, 2002

GEM

SYSCAN TECH<08083> - Results Announcement (Q3, 2002, Summary)

SYSCAN Technology Holdings Limited announced on 11/11/2002:
(stock code: 08083)

Year end date :31/12/2002
Currency :HKD
Auditors' report :N/A
Review of 3rd Quarterly Report 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 01/01/2002   from 01/01/2001
                                     to 30/09/2002     to 30/09/2001
                                             $'000             $'000

Turnover : 20,485 31,269
Profit/(Loss) from Operations : (15,857) (23,256)
Finance cost : (2,462) (1,347)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (18,326) (24,610)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD (0.0155) HKD (0.0254)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 2,508 0
Profit (Loss) after ETD Items : (15,818) (24,610)
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd Quarterly 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

                                         For and on behalf of
                                  SYSCAN Technology Holdings Limited
                        Signature :
                             Name :   Zhang Hongru
                            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. Other revenue for the nine-month period ended September 30,
   2002 consisted of (i) the written back of other receivables of
   approximately HK$5,772,000 (2001: Nil), (ii) compensation received
   from the property developer in Shenzhen of approximately
   HK$3,774,000 (2001: HK$4,018,000 for compensation of termination
   of investment agreement) for its delay in the handover of the
   ownership of the offices of the Group��s Mainland China
   subsidiaries, and (iii) a sundry income of approximately
   HK$513,000 (2001: HK$842,000).

2. The calculation of the basic loss per share for the three-
   month period and the nine-month period ended September 30, 2002
   respectively were based on the unaudited loss attributable to
   shareholders of approximately HK$9,816,000 (2001: HK$8,268,000)
   for the three-month period ended September 30, 2002 and
   approximately HK$15,818,000 (2001: HK$24,610,000) for the
   nine-month period ended September 30, 2002 and on the weighted
   average number of approximately 1,022,643,000 shares
   (2001: 1,022,081,000 shares) in issue during the three-month
   period ended September 30, 2002 and approximately 1,022,639,000
   shares (2001: 968,572,000 shares) in issue during the nine-
   month period ended September 30, 2002.

No diluted loss per share is presented as the outstanding
employee share options are anti-dilutive.

1. For the nine-month period ended September 30, 2002,
   the Group had disposed a subsidiary which had equity interest
   in Grandview Investment Group Limited for a cash of
   HK$19,228,000 compared with the initial investment of
   HK$16,720,000.00