SOUNDWILL HOLD<00878> - Results Announcement (Summary)

Soundwill Holdings Limited announced on 6/9/2002:
(stock code: 878)
Year end date: 31/12/2002
Currency: HKD
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                                 : 67,337           43,922
Profit/(Loss) from Operations            : (51,354)         18,762
Finance cost                             : (48,663)         (73,404)
Share of Profit/(Loss) of Associates     : (15)             -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (95,102)         (53,730)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (3.05 cents)     (1.72 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (95,102)         (53,730)
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) Loss per Share

The calculation of basic loss per share is based on current periods loss 
of HK$95,102,000 (30 June 2001 : loss of HK$53,730,000) and on weighted 
average number of 3,116,402,151 shares (30 June 2001:3,116,402,151 shares) 
in issue during the period.

No diluted loss per share has been presented for the two periods ended 30 
June 2002 and 2001 because the conversion/exercise of the outstanding 
potential ordinary shares would have been anti-dilutive for the 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 pervious year.