CHINA DATACAST<08016> - Results Announcement (Final, 2002, Summary)

China Data Broadcasting Holdings Limited announced on 24/3/2003
(stock codes: 08016)

Year end date                         :31/12/2002
Currency                              :HKD
Auditors' report                      :Unqualified
Review of Quarterly Report by         :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

                                             (Audited)         (Audited)
                                           Current    Last Corresponding
                                           Period           Period
                                         from 1/1/2002     from 1/1/2001
                                         to 31/12/2002     to 31/12/2001
                                                 $'000             $'000

Turnover                              :       111,566             6,036
Profit/(Loss) from Operations         :        (4,649)          (14,636)
Finance cost                          :            N/A               N/A
Share of Profit/(Loss) of Associates  :            N/A               N/A
Share of Profit/(Loss) of Jointly
         Controlled Entites           :            N/A               N/A
Profit/(Loss) after Taxation & MI     :        (4,006)          (11,286)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :   HKD (0.0126)      HKD (0.0355)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :            N/A               N/A
Profit (Loss) after ETD Items         :        (4,006)          (11,286)
Final Dividends per Share             :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for Final Dividends         :            N/A
Payable Date                          :            N/A
B/C Dates for (-) General Meeting     :            N/A
Other Distribution for Current Period :            NIL
B/C Dates for Other Distribution      :            N/A
                                     

                                       For and on behalf of
                                       China Data Broadcasting Holdings Limited
                            Signature :
                                 Name :     Simon Shum
                                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.

Remark:

1. Loss per share

The calculation of basic loss per share 
is based on the net loss attributable to shareholders
for the year of HK$4,006,000 (2001: HK$11,286,000)
and the weighted average of 318,000,000 (2001: 318,000,000) 
ordinary shares in issue during the year.

Diluted loss per share amounts for the years 31 December 2001
and 2002 have not been calculated as the impact of the
outstanding share options was anti-dilutive.