Youzan Technology Limited — Earnings Release 2002

Aug 13, 2002

 
        Quarterly Results announcement form

Name of listed company :SYSCAN Technology Holdings Limited

Stock code :8083

Year end date :31/12/2002

Auditors' report : Modified
Qualified
Unqualified
X 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: HK$'000
(Unaudited) (Unaudited)
Quarterly Results Announcement Current Last Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 30/06/2002 to 30/06/2001
HK$'000 HK$'000

Turnover : 13,406 22,927
Profit/(Loss) from Operations : -6,845 -15,683
Finance cost : -1,658 -652
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : -8,510 -16,342
% Change Over the Last Period : N/A %
EPS / (LPS) - Basic :HK$(0.59) cents HK$(1.74) cents
- Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 2,508 0
Profit (Loss) after ETD Items : -6,002 -16,342
2nd Q Dividend per Share : Nil Nil
(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
                                     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.

Remark:

1. The calculation of the basic profit/(loss) per share for the
   three-month period and the six-month period ended 30 June 2002
   respectively were based on the unaudited profit attributable to
   shareholders of approximately HK$760,000 (2001: loss of
   HK$10,520,000) for the three-month period ended 30 June 2002 and
   the unaudited loss attributable to shareholders of approximately
   HK$6,002,000 (2001: loss of HK$16,342,000) for the six-month period
   ended 30 June 2002 and on the weighted average number of
   approximately 1,022,643,000 shares (2001: 993,304,000 shares) in
   issue during the three-month period ended 30 June 2002 and
   approximately 1,022,637,000 shares (2001: 941,374,000 shares) in
   issue during the six-month period ended 30 June 2002.

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

1. For the six-month period, the Group had disposed one 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.