WINFOONG INT'L<00063> - Results Announcement (Summary)

Winfoong International Limited announced on 27/3/2002:
(stock code: 63)
Year end date: 31/12/2001
Currency: HK$
Auditors' Report: Neither
Review of Interim Report by: N/A
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 31/12/2001    to 31/12/2000
                                           ('000)           ('000)
Turnover                                 : 77,869           143,765
Profit/(Loss) from Operations            : (15,876)         (108,975)
Finance cost                             : (27,204)         (41,339)
Share of Profit/(Loss) of Associates     : (3,420)          (4,109)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (46,066)         (151,606)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (6.73 cents)     (22.06 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (46,066)         (151,606)
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      77,869           (15,876)
From discontinued operations    -                - 
                                -------------------------
                                77,869           (15,876)
                                =========================

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$46,066,000 (2000 : HK$151,606,000) and the weighted 
average of 684,416,993 (2000 : 687,224,026) ordinary shares in issue 
during the year.                                                        
        
The fully diluted loss per share is not shown for both periods because the 
effect of any dilution is antidilutive.