Youzan Technology Limited — Earnings Release 2002

Mar 25, 2003

GEM

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

SYSCAN Technology Holdings Limited announced on 25/03/2003:
(stock code: 08083)

Year end date :31/12/2002
Currency :HKD
Auditors' report :Unqualified
Review of Quarterly Report by :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

                                         (Audited)         (Audited)
                                           Current              Last 
                                                       Corresponding
                                            Period            Period
                                   from 01/01/2002   from 01/01/2001
                                     to 31/12/2002     to 31/12/2001
                                             $'000             $'000

Turnover : 41,752 34,170
Profit/(Loss) from Operations : (24,320) (58,061)
Finance cost : (3,735) (2,248)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (27,111) (60,316)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.024) (HKD 0.061)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 2,508 0
Profit (Loss) after ETD Items : (24,603) (60,316)
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 Annual General Meeting :15/04/2003 to 22/04/2003 bdi.
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A
(bdi: both days inclusive)

                                         For and on behalf of
                                   SYSCAN Technology Holdings Limited
                        Signature :
                             Name :     Caroline Chow Suk Han
                            Title :       Company Secretary

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

The financial statements have been prepared in accordance with
Statements of Standard Accounting Practice (��SSAPs��) issued by the
Hong Kong Society of Accountants (��HKSA��), accounting principles
generally accepted in Hong Kong, and the disclosure requirements
of the Hong Kong Companies Ordinance and the Rules Governing the
Listing of Securities on The Growth Enterprise Market of The Stock
Exchange of Hong Kong Limited. The financial statements are
prepared under the historical cost convention.

In the current year, the Company adopted the following new or
revised SSAPs issued by the HKSA which are effective for
accounting periods commencing on or after 1 January 2002:

 SSAP 1 (Revised)  :  Presentation of financial statements
 SSAP 11 (Revised) :  Foreign currency translation
 SSAP 15 (Revised) :  Cash flow statements
 SSAP 34           :  Employee benefits

The adoption of these SSAPs has no material change to the
accounting policies that affect the Group��s accounts.

Certain comparative figures have been reclassified to conform
with the current year��s presentation.

1. The calculation of basic loss per share for the year ended
   31 December 2002 is based on the loss attributable to
   shareholders of approximately $24,603,000 (2001 - $60,316,000)
   and the weighted average number of approximately 1,022,640,000
   (2001 - 984,349,000) ordinary shares in issue during the year.

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

1. For the year ended 31 December 2002, the Group has successfully
   completed the divestment of its equity interest in Grandview
   Investments Group Limited for cash totalling HK$19,228,000 as
   compared to the initial investment of HK$16,720,000.