WINFOONG INT'L<0063> - Results Announcement

Winfoong International Limited announced on 27/3/2000:
(stock code: 63)
Year end date: 31/12/1999
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1999    from 1/1/1998
                                           to 31/12/1999    to 31/12/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 40,333           119,346
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : (32,599)         (234,039)
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : (32,599)         (234,039)
Share of Profit/(Loss) of
  Associated Companies                   : 987              (11,751)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax  & MI            : (31,443)         (241,920)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (4.55 cents)     (35.01 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (31,443)         (241,920)
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

(1) The calculation of basic loss per share is based on the net loss 
attributable to shareholders for the year of HK$31,443,219 (1998: 
Hk$241,919,684) and the weighted average of 690,712,993 (1998: 
690,942,582) ordinary shares in issue during the year.

The fully diluted earnings per share is not shown for both years because 
the effect of any dilution is antidilutive.

(2) Interest income for 1998 has been reclassified from turnover to other 
revenue to conform with the current year presentation.