Quarterly Results announcement form
     
Name of listed company                  :GP NanoTechnology Group Limited
     
Stock code                              :8152
     
Year end date                           :31 December 2002
     
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

                                             (Unaudited)       (Unaudited)
Quarterly Results Announcement               Current    Last Corresponding
                                                  Period            Period
                                         from 01/01/2002   from 01/01/2001
                                           to 31/03/2002     to 31/03/2001
                                                 HK$'000           HK$'000
     
Turnover                                :         19,515            17,555
Profit/(Loss) from Operations           :          3,829             4,816
Finance cost                            :           -314              -811
Share of Profit/(Loss) of Associates    :              0                 0
Share of Profit/(Loss) of
     Jointly Controlled Entites         :              0                 0
Profit/(Loss) after Taxation & MI       :          3,080             3,416
% Change Over the Last Period           :       -9.84  %
EPS / (LPS) - Basic                     :     0.62 cents        0.68 cents
            - Diluted                   :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)         :              0                 0
Profit (Loss) after ETD Items           :          3,080             3,416
1st Dividend per Share                  :            Nil               Nil
(specify if with other options)         :            N/A               N/A
B/C Dates for  1st 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
                                         GP NanoTechnology Group Limited
                              Signature :
                                   Name :Chow Chun Kwong
                                  Title :Executive 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.
     
Remarks¡G
     
1. Basis of preparation
     
   The unaudited consolidated results of the Group have been
   prepared under the historical cost convention in accordance
   with accounting principles generally accepted in Hong Kong
   and comply with accounting standards issued by the Hong Kong
   Society of Accountants.
     
2. Turnover
     
   Turnover represents the net amounts received and receivable for
   goods sold, less returns and allowances by the Group to outside
   customers during the three months ended 31 March 2002.
     
3. Earnings per share
     
   The calculation of the basic earnings per share for the three
   months ended 31 March 2002 is based on the unaudited
   consolidated profit attributable to the shareholders of
   approximately HK$3,080,000 (2001¡Gapproximately HK$3,416,000)
   and a total of 500,000,000 shares issued 500,000,000 shares
   issued on the establishment of the Group and on the
   reorganisation of the Group is deemed to have been in issue
   since January 2001.
     
   Diluted earnings per share is not presented because there is
   no dilutive potential ordinary shares in existence during the
   periods.
     
4. Interim dividend
     
   The Board does not recommend the payment of an interim dividend
   for the three months ended 31 March 2002. (three months ended
   31 March 2001¡GNil)