YUE FUNG INT'L<00965> - Results Announcement (Summary)

Yue Fung International Group Holding Limited announced on 26/9/2001:
(stock code: 965)
Year end date: 31/5/2001
Currency: HKD                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/6/2000    from 1/6/1999
                                           to 31/5/2001     to 31/5/2000
                                           ('000)           ('000)
Turnover                                 : 338,534          290,540
Profit/(Loss) from Operations            : 55,754           31,613
Finance cost                             : (10,979)         (9,218)
Share of Profit/(Loss) of Associates     : -                -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : 41,194           20,231
% Change over Last Period                : +103.6%
EPS/(LPS)-Basic                          : 5.3 cents        6.1 cents
         -Diluted                        : 5.3 cents        N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : 41,194           20,231
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     : 12/11/2001 to 16/11/2001 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

1. PRIOR YEAR COMPARATIVE FIGURES

Certain of the comparative figures in the condensed consolidated profit 
and loss accounts have been reclassified to conform with current year's 
presentation, and/or adjusted as a result of Rights Issue.

2. Earnings per share

The calculation of basic earnings per share is based on the net profit 
attributable to shareholders for the year of HK$41,194,000 (2000: 
HK$20,231,000) and the weighted average of 775,353,000 (2000: 332,933,000) 
shares in issue during the year.

The calculation of diluted earnings per share for the year is based on the 
net profit attributable shareholders for the year of HK$41,194,000 and the 
weighted of 783,125,000 ordinary shares in issue during the year. There 
were no dilutive potential ordinary shares in issue during the year ended 
31 May 2000, and accordingly, the diluted earnings per share was not 
shown.