SOUNDWILL HOLD<0878> - Results Announcement

Soundwill Holdings Limited announced on 22/5/2000:
(stock codes: Ord: 878 & War: 1011)
Year end date: 31/12/1999
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1999    from 1/1/1998
                                           to 31/12/1999    to 31/12/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 276,462          623,294
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : (694,691)        (418,535)
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : (694,691)        (418,535)
Share of Profit/(Loss) of
  Associated Companies                   : 8,895            (96,508)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (685,906)        (495,234)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (44.16 cents)    (39.50 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (685,906)        (495,234)
Final Dividend per Share                 : Nil              Nil
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : N/A
Payable Date                             : -
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : N/A

Remark:

Diluted Earnings Per Share

As the respective exercise price of the warrants, convertible bonds and
share options outstanding during the year ended 31 December 1998 and 31 
December 1999 are higher than the average monthly market price of the 
Company's shares, there are no dilution effect on loss per share.