GOLDBOND GROUP<00172> - Results Announcement (Summary)

Goldbond Group Holdings Limited announced on  28/7/2003:
(stock code: 00172 )
Year end date: 31/3/2003
Currency: HKD
Auditors' Report: Unqualified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/4/2002      from 1/4/2001  
                                     to 31/3/2003       to 31/3/2002  
                               Note  ('000      )       ('000      )
Turnover                           : 23,175             23,501            
Profit/(Loss) from Operations      : (55,170)           (43,385)          
Finance cost                       : (15,792)           (31,743)          
Share of Profit/(Loss) of 
  Associates                       : N/A                (3,837)           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (71,962)           (78,965)          
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.02)             (0.04)            
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (71,962)           (78,965)          
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 PER SHARE

The calculation of the basic loss per share is based on the loss 
attributable shareholders for the year of HK$71,962,000 (2002: 
HKS$78,965,000), and the weighted average of 3,143,494,000 (2002: 
2,159,444,000) ordinary shares in issue during the year, after taking into 
account of the effect of the Rights Issue during the year.  The weighted 
average number of ordinary shares in issue for the year ended 31 March 
2002 was restated because there was a bonus element resulting from the 
Rights Issue during the year.

The exercise of the subscription rights conferred by the redeemable 
convertible preference shares and share options would not have any 
dilutive effect on the loss per share for the years ended 31 March 2002 
and 2003.

2. Certain comparative figures have been adjusted to conform with changes 
in presentation in the current financial year as a result of adopting 
revised Statements of Standard Accounting Practice ("SSAPs").