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

Winfoong International Limited announced on 27/9/2002:
(stock code: 63)
Year end date: 31/12/2002
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2002    from 1/1/2001
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 26,398           43,571
Profit/(Loss) from Operations            : (2,005)          (3,988)
Finance cost                             : (8,658)          (16,393)
Share of Profit/(Loss) of Associates     : (1,912)          270
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (12,684)         (20,235)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (1.27 cents)     (2.96 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (12,684)         (20,235)
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.      There is no discontinued operations during the period.

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$12,684,000 (2001: 
HK$20,235,000) and the weighted average of 1,001,001,819 (2001: 
684,416,993) 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 anti-dilutive.