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

Winfoong International Limited announced on 20/9/2001 :
(stock code: 63)
Year end date: 31/12/2001
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2001    from 1/1/2000
                                           to 30/6/2001     to 30/6/2000
                                           ('000)           ('000)
Turnover                                 : 43,571           18,603
Profit/(Loss) from Operations            : (3,988)          (107,390)
Finance cost                             : (16,393)         (23,518)
Share of Profit/(Loss) of Associates     : 270              (1,213)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Taxation & MI        : (20,235)         (132,070)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (2.96 cents)     (19.17 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (20,235)         (132,070)
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) Turnover and loss from operation
                                                Turnover        Loss    
                                                HK$'000         HK$'000
From continuing operations                      43,571          (3,988)
From discontinued operations                    -               -
                                                ------------------------
                                                43,571          (3,988)
                                                ========================

(2) Loss per share

The calculation of basic loss per share is based on the net loss 
attributable to shareholders for the period of HK$20,235,000 (2000: 
HK$132,070,000) and the weighted average of 684,416,993 (2000: 
689,005,070) ordinary shares in issue during the period.

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