YUE FUNG INT'L<0965> - Results Announcement

Yue Fung International Group Holding Limited announced on 30/10/2000:
(stock code: 965)
Year end date: 31/5/2000
Currency: HK Dollars                                        (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/6/1999    from 1/6/1998
                                           to 31/5/2000     to 31/5/1999
                                           ('000)           ('000)
Turnover                                 : 290,540          277,675
Profit/(Loss) from Operations            : 31,613           42,396
Finance cost                             : (9,218)          (9,091)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 20,231           30,796
% Change over Last Period                : -34%
EPS/(LPS)-Basic                          : 6.2 cents        11.8 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 20,231           30,796
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : N/A              N/A
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for Annual General Meeting     : 24/11/2000 to 30/11/2000 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

Due to the adoption of revised Hong Kong Statements of Standard Accounting 
Practice during the current year, the presentation of the profit and loss 
account has been revised to comply with the new requirements. Accordingly, 
certain comparative amounts have been reclassified to confirm with the 
current year's presentation.