Youzan Technology Limited — Earnings Release 2002

May 14, 2002

 
        Quarterly Results announcement form

Name of listed company :SYSCAN Technology Holdings Limited

Stock code :8083

Year end date :31/12/2002

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$'000
(Unaudited) (Unaudited)
Quarterly Results Announcement Current Last Corresponding
Period Period
from 01/01/2002 from 01/01/2001
to 31/03/2002 to 31/03/2001
HK$'000 HK$'000

Turnover : 10,424 14,417
Profit/(Loss) from Operations : -5,975 -5,633
Finance cost : -780 -182
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : -6,762 -5,822
% Change Over the Last Period : N/A %
EPS / (LPS) - Basic : HK(0.66) cent HK(0.65) cent
- Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : -6,762 -5,822
1st Q Dividend per Share : Nil Nil
(specify if with other options) : N/A N/A
B/C Dates for 1st 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.

Remarks

1. Basis of presentation

Significant transactions and balances among the companies comprising
the Group have been eliminated on consolidation.

1. Loss per share

The calculation of the basic loss per share for the three-month
period ended 31 March 2002 was based on the unaudited loss
attributable to shareholders of approximately HK$6,762,000
(2001: HK$5,822,000) and on the weighted average number of
approximately 1,022,631,000 shares (2001: 888,865,000 shares) in
issue during the three-month period ended 31 March 2002.

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