SOUNDWILL HOLD<00878> - Results Announcement

Soundwill Holdings Limited announced on  16/4/2003:
(stock code: 00878 )
Year end date: 31/12/2002
Currency: HKD
Auditors' Report: Qualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2002      from 1/1/2001  
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 129,410            710,776           
Profit/(Loss) from Operations      : (323,382)          (91,516)          
Finance cost                       : (95,713)           (145,364)         
Share of Profit/(Loss) of 
  Associates                       : 4                  12                
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (411,771)          (237,830)         
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.1321)           (0.0763)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (411,771)          (237,830)         
Final Dividend                     : NIL                NIL               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : N/A          
Payable Date                       : N/A       
B/C Dates for (-)            
  General Meeting                  : N/A          
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

1)  Loss for Share

The calculation of basic loss per share is based on current year's loss of 
HK$411,711,000 (2001 : loss of HK$237,830,000) and on the weighted average 
number of 3,116,402,151 shares (2001:3,116,402,151 shares) in issue during 
the year.

No diluted loss per share has been presented for the two years ended 31 
December 2002 because the conversion/exercise of the outstanding potential 
ordinary shares would have been anti-dilutive for the two financial years.

2)  Change in presentation of comparative figures       

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