Youzan Technology Limited — Earnings Release 2005

Aug 15, 2005

GEM

SYSCAN TECH<08083> - Results Announcement (Q2, 2005, Summary)

SYSCAN Technology Holdings Limited announced on 12/08/2005:
(stock code: 08083 )

Year end date :31/12/2005
Currency :HKD
Auditors' report :N/A
2nd Quarterly Report Reviewed 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 01/01/2005   from 01/01/2004
                                     to 30/06/2005     to 30/06/2004
                                             $'000             $'000

Turnover : 33,457 146,721
Profit/(Loss) from Operations : (21,387) (3,641)
Finance cost : (3,863) (4,311)
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of Jointly
Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : (25,061) (2,823)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.245) (HKD 0.028)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (25,061) (2,823)
2nd Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd Quarter 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
(bdi: both days inclusive)

For and on behalf of
SYSCAN Technology Holdings Limited

Signature :
Name : Chan Man Ching
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

The accounting policies adopted in preparing the unaudited
consolidated results are consistent with those followed in the
annual financial statements for the year ended 31st December,
2004. The unaudited consolidated results have been prepared
under the historical cost convention and in accordance with
accounting standards issued by the Hong Kong Institute of
Certified Public Accountants ("HKICPA"), accounting principles
generally accepted in Hong Kong and the disclosure requirements
of Hong Kong Companies Ordinance and the GEM Listing Rules.

In 2004, the HKICPA issued a number of new and revised Hong
Kong Accounting Standards and Hong Kong Financial Reporting
Standards ("HKFRS") which are effective for accounting
periods beginning or after 1st January, 2005. The adoption
of these HKFRS has no material impact on the Group's results
of operations and financial position.

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

1. Loss per share

The calculation of the basic loss per share for the six-month
period ended 30 June 2005 was based on the unaudited loss
attributable to shareholders of approximately HK$25,061,000
(2004: HK$2,823,000) and on the weighted average number of
approximately 102,364,328 shares (2004: 102,364,328 shares) in
issue during the six-month period ended 30 June 2005.

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