SOUNDWILL HOLD<00878> - Results Announcement (Summary)

Soundwill Holdings Limited announced on 5/9/2001:
(stock code: 878)

Please refer to the press announcement for the details of the audit 
committee's review report on the interim financial statement, to be issued 
by the Company on 6/9/2001.

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                                 : 43,922           183,342
Profit/(Loss) from Operations            : 18,762           39,882
Finance cost                             : (73,404)         (55,238)
Share of Profit/(Loss) of Associates     : -                (427)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (53,730)         (14,271)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (1.72 cents)     (0.59 cent)
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (53,730)         (14,271)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : N/A              
Payable Date                             : -
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)  Diluted Earnings per share

No diluted loss per share has been presented for the two periods because 
the conversion/exercise of the outstanding potential ordinary shares would 
have been anti-dilutive for the two periods.

2)  Change in presentation of comparative figures

Certain comparative amounts have been reclassified to conform with the 
current period's presentation. There is no impact on the Group's
results for the previous year.