WINFOONG INT'L<0063> - Results Announcement

Winfoong International Limited announced on 29/3/2001:
(stock code: 63)
Year end date: 31/12/2000
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 31/12/2000    to 31/12/1999
                                           ('000)           ('000)
Turnover                                 : 143,765          40,333
Profit/(Loss) from Operations            : (108,975)        10,197
Finance cost                             : (41,339)         (45,213)
Share of Profit/(Loss) of Associates     : (4,109)          987
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (151,606)        (31,443)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (22.06 cents)    (4.55 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (151,606)        (31,443)
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) Turnover and loss from operation
                                           Turnover         Loss
                                           HK$'000          HK$'000
From continuing operations                 143,765          (108,975)
From discontinued operations               -                -
                                           -----------      -----------
                                           143,765          (108,975)
                                           =========        =========

Loss from operations included loss on disposal of a property of 
approximately HK$108.9 million.

(2) Loss per share

The calculation of basic loss per share is based on the net loss 
attributable to shareholders for the year of HK$151,606,595 (1999: 
HK$31,443,219) and the weighted average of 687,224,026 (1999: 690,712,993) 
ordinary shares in issue during the year.

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

(3) Comparative amounts

Certain comparative amounts have been reclassified to conform with the 
current year's presentation.