YUE FUNG INT'L<0965> - Results Announcement

Yue Fung International Group Holding Limited announced on 28/2/2000:
(stock code: 965)
Year end date: 31/5/2000
Currency: HK Dollars                                        (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/6/1999    from 1/6/1998
                                           to 30/11/1999    to  30/11/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 163,827          135,986
    - Discontinued                       : 0                0
Operating Profit/(Loss)
    - Continuing                         : 12,787           20,635
    - Discontinued                       : 0                0
Total Operating Profit/(Loss)            : 12,787           20,635
Share of Profit/(Loss) of
  Associated Companies                   : 0                0
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : 11,880           18,926
% Change over Last Period                : -37%
EPS/(LPS)-Basic                          : 4.3 cents        7.3 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : 11,880           18,926
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim Dividend           : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Diluted EPS for the period ended 30/11/98 and 30/11/99 is not shown
as the dilution effect is anti-dilutive.