WINFOONG INT'L<0063> - Results Announcement

Winfoong International Limited announced on 29/9/1999:
(stock code: 63)
Year end date: 31/12/1999
Currency: HK$
                                                            Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1999    from 1/1/1998
                                           to 30/6/1999     to 30/6/1998
                                           ('000)           ('000)
Turnover                                 : 24,964           101,902
Profit-Continuing Operations
    - Operating Profit/(Loss)            : (16,867)         (14,899)
    - Exceptional Items                  : -                (70,656)
    - Discontinued Operations            : -                -
Total Operating Profit/(Loss)            : (16,867)         (85,555)
Share of Profit/(Loss) of
  Associated Companies                   : 1,758            (6,385)
Profit/(Loss) after Tax & MI             : (15,355)         (91,221)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (2.22 cents)     (13.20 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (15,355)         (91,221)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim 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)  Exceptional items
                                           1999             1998
                                           HK$'000          HK$'000
Loss on disposal of an investment property -                (52,651)
Loss on deemed disposal of interest in a 
  subsidiary                               -                (18,005)
                                           __________       _________
                                           -                (70,656)
                                           ===========      ==========

(2)  Diluted Loss per Share

The diluted loss per share is not shown for both periods because the 
effect of any dilution is antidilutive.