Quarterly Results announcement form
     
Name of listed company                  :Riverhill Holdings Limited
     
Stock code                              :8127
     
Year end date                           :30/06/2002
     
     
Important Note :
     
This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com
     
Currency: HK$'000
                                             (Unaudited)       (Unaudited)
Quarterly Results Announcement               Current    Last Corresponding
                                             Period           Period
                                         from 01/07/2001   from 01/07/2000
                                           to 31/03/2002     to 31/03/2001
                                                 HK$'000           HK$'000
     
Turnover                                :          1,967             3,553
Profit/(Loss) from Operations           :        -10,073            -4,576
Finance cost                            :           -268                 0
Share of Profit/(Loss) of Associates    :              0                 0
Share of Profit/(Loss) of
     Jointly Controlled Entites         :              0                 0
Profit/(Loss) after Taxation & MI       :        -10,341            -4,576
% Change Over the Last Period           :          N/A %
EPS / (LPS) - Basic                     :    -2.49 cents       -1.56 cents
                - Diluted               :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)         :              0                 0
Profit (Loss) after ETD Items           :        -10,341            -4,576
3rd Q Dividend per Share                :            Nil               Nil
(specify if with other options)         :            N/A               N/A
B/C Dates for 3rd Q Dividend            :         N/A to          N/A bdi.
Payable Date                            :            N/A
B/C Dates for AGM/SGM                   :         N/A to          N/A bdi.
Other Distribution for Current Period   :            Nil
B/C Dates for Other Distribution        :         N/A to          N/A bdi.
                                         (bdi: both days inclusive)
     
                                         For and on behalf of
                                         Riverhill Holdings Limited
                              Signature :
                                   Name : Yick Chong San
                                  Title :       Director
     
Responsibility statement
     
The directors of the Company (the "Directors") as at the date hereof hereby
collectively and individually accept full responsibility for the accuracy of
the information contained in this results announcement form (the "Information")
and confirm, having made all reasonable inquiries, that to the best of their
knowledge and belief the Information are accurate and complete in all material
respects and not misleading and that there are no other matters the omission
of which would make the Information herein inaccurate or misleading.
The Directors acknowledge that the Stock Exchange has no responsibility
whatsoever with regard to the Information and undertake to indemnify the
Exchange against all liability incurred and all losses suffered by the Exchange
in connection with or relating to the Information.
     
Remark:
1. Group reorganisation and basis of preparation
     
   The Company was incorporated as an exempted company with limited 
   liability in the Cayman Islands on 14th September, 2000, under
   the Companies Law (2001 Revision) of the Cayman Islands under the
   name of Cyber World Group Limited.  The Company is an investment
   holding company for the Group with its principal activities
   being provision of information technology contract services and
   hardware and software distribution.
     
   Pursuant to a reorganisation scheme to rationalise the Group
   structure in preparation for the listing of the Company's shares
   on the Growth Enterprise Market ("GEM") operated by The Stock 
   Exchange of Hong Kong Limited (the "Stock Exchange"), the Company
   became the holding company of the Group on 4th May, 2001 (the
   "Reorganisation").  Details of the Reorganisation are set out in
   the prospectus of the Company dated 18th May, 2001.  The shares
   of the Company began trading on the GEM of the Stock Exchange on
   1st June, 2001.
     
   These financial statements have been prepared in accordance with
   Hong Kong Statements of Standard Accounting Practice, accounting
   principles generally accepted in Hong Kong and the disclosure
   requirements of the Hong Kong Companies Ordinance.  They have
   been prepared under the historical cost convention
     
   The consolidated financial statements have been prepared using
   the merger basis of accounting.
     
2. Turnover
     
   The Group's turnover represents the value of services rendered
   and the net invoiced value of goods sold after allowances for
   returns, trade discounts and sales tax.
     
3. Taxation
     
   No provision for Hong Kong profits tax has been made as the Group
   did not generate any assessable profits arising in Hong Kong
   during the period.
     
4. Loss per share
     
   The calculation of the basic loss per share was based on the net
   loss attributable to shareholders for the period of HK$10,341,170
   (2001: net loss of HK$4,575,895) and on the weighted average
   number of 415,000,000 ordinary shares (2001: 292,000,000).