Quarterly Results announcement form
     
Name of listed company                  :Arcontech Corporation
     
Stock code                              :8097
     
Year end date                           :31/03/2003
     
Auditors' report                        :     Modified
                                              Qualified
                                              Unqualified
                                            X N/A
     
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$'000
                                          (Unaudited)       (Unaudited)
Quarterly Results Announcement                Current              Last 
                                                          Corresponding
                                               Period            Period
                                      from 01/04/2002   from 01/04/2001
                                        to 30/06/2002     to 30/06/2001
                                              HK$'000           HK$'000
     
Turnover                             :        119,145           118,195
Profit/(Loss) from Operations        :         14,533            28,474
Finance cost                         :         -1,461              -490
Share of Profit/(Loss) of Associates :              0                 0
Share of Profit/(Loss) of
     Jointly Controlled Entites      :              0                 0
Profit/(Loss) after Taxation & MI    :         10,005            23,341
% Change Over the Last Period        :       -57.14 %
EPS / (LPS) - Basic                  :     1.27 cents        3.24 cents
            - Diluted                :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)      :              0                 0
Profit (Loss) after ETD Items        :         10,005            23,341
1st Q Dividend per Share             :      0.35 cent            1 cent
(specify if with other options)      :            N/A               N/A
B/C Dates for 1st Q Dividend         :  15/08/2002 to   16/08/2002 bdi.
Payable Date                         :           23/08/2002
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
                                         Arcontech Corporation
                           Signature :
                           Name      :   Tong Ka Ming, Patrick
                           Title     :     Company Secretary
     
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:
     
**Basis of presentation**
     
The accounts have been prepared in accordance with
accounting principles generally accepted in Hong Kong
and comply with accounting standards issued by the Hong
Kong Society of Accountants. They have been prepared
under the historical cost convention as modified by
the revaluation of the leasehold land and buildings.
     
**Earnings per share**
     
The calculation of basic earnings per share for the
three months ended 30 June 2002 is based on the Group's
profit attributable to shareholders of HK$10,005,000
(2001: HK$23,341,000) and weighted average number of
789,230,769 shares (2001: 720,000,000 shares) in issue
during the period.
     
Diluted earnings per share is not presented because
there were no dilutive potential ordinary shares
outstanding during the period.