WINFOONG INT'L<00063> - Results Announcement

Winfoong International Limited announced on 27/02/2004:
(stock code: 00063 )
Year end date: 31/12/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2003      from 1/1/2002  
                                     to 31/12/2003      to 31/12/2002 
                               Note  ('000      )       ('000      )
Turnover                           : 46,692             62,631            
Profit/(Loss) from Operations      : (6,549)            (11,257)          
Finance cost                       : (13,979)           (17,549)          
Share of Profit/(Loss) of 
  Associates                       : (17,971)           (84,521)          
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (41,126)           (115,978)         
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.0276)           (0.0928)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (41,126)           (115,978)         
Final Dividend                     : NIL                NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

1. Turnover and loss from operation                                                
                


                                                 Turnover        Loss 
                                                 HK$'000         HK$'000 

From continuing operations                       46,692          6,549 
From discontinued operations                     -               - 
                                                ------------    ---------
                                                 46,692          6,549 
                                                ============    =========       
                                                        


2. Loss per share                                                                  

The calculation of basic loss per share is based on the loss attributable 
to shareholders for the year of HK$41,126,000 (2002 : HK$115,978,000) and 
the weighted average of 1,492,414,789 (2002 : 1,249,489,358) ordinary 
shares in issue during the year.                                                
                

The fully diluted loss per share is not shown for both 2003 and 2002 
because the effect of any dilution is antidilutive.