Quarterly Results announcement form
     
Name of listed company                  :GP NanoTechnology Group Limited
     
Stock code                              :8152
     
Year end date                           :31 December 2002
     
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$'000
                                          (Unaudited)       (Unaudited)
Quarterly Results Announcement                Current              Last  
                                                          Corresponding
                                               Period            Period
                                      from 01/01/2002   from 01/01/2001
                                        to 30/06/2002     to 30/06/2001
                                              HK$'000           HK$'000
     
Turnover                             :         41,498            36,156
Profit/(Loss) from Operations        :          8,546            10,026
Finance cost                         :           -453            -1,578
Share of Profit/(Loss) of Associates :              0                 0
Share of Profit/(Loss) of
     Jointly Controlled Entites      :              0                 0
Profit/(Loss) after Taxation & MI    :          7,153             7,087
% Change Over the Last Period        :         0.93 %
EPS / (LPS) - Basic                  :     1.43 cents        1.42 cents
            - Diluted                :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)      :              0                 0
Profit (Loss) after ETD Items        :          7,153             7,087
2nd Q Dividend per Share             :            Nil               Nil
(specify if with other options)      :            N/A               N/A
B/C Dates for 2nd 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
                                         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:
     
1. Group reorganisation
     
   The Company was incorporated as an exempted company with
   limited liability in Bermuda under the Companies Act 1981
   of Bermuda (as amended) on 17 July 2000.
     
   The Company is an investment holding company. The principal
   activities of the Group are manufacture and sale of 
   nanomaterial products.
     
   Pursuant to a series of group reorganisation steps 
   (the "Group Reorganisation") to rationalise the structure
   of the Group in preparation for the listing of the
   Company's shares on GEM of the Stock Exchange, the Company
   became the holding company of the Group on 17 April 2001.
     
   The shares of the company were listed on the GEM of the
   Stock Exchanges on 17 July 2001.
     
2. Basis of preparation and significant accounting policies
     
   The unaudited consolidted financial statements have been
   prepared in accordance with the Statement of Standard
   Accounting Practice 25 "Interim Reporting" issued by the
   Hong Kong Society of Accountants.
     
   The accounting policies adopted are consistent with
   those followed in the Group's annual financial
   statements for the year ended 31 December 2001.
     
   The consolidated financial statements for the period
   from 1 January 2002 to 30 June 2002 have been reviewed
   by the audit committee of the Company.
     
3. Turnover
     
   Turnover represents the net amounts received and receivable
   for goods sold, less returns and allowances, to outside
   customers during the period.
     
4. Earnings per share
     
   The calculation of the basic earnings per share for the six
   months ended 30 June 2002 is based on the unaudited
   consolidated profit attributable to the shareholders of
   approximately HK$7,153,000 (six months ended 30 June 2001: 
   approximately HK$7,087,000) and a total of 500,000,000 
   shares issued on the establishment of the Group is deemded
   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.
     
Interim dividend
     
The Board does not recommend the payment of an interim
dividend for the six months ended 30 June 2002 (six months
ended 30 June 2002: HK$ Nil).