LUEN CHEONG TAI<01190> - Results Announcement (Summary)

Luen Cheong Tai International Holdings Limited announced on 12/6/2002:
(stock code: 1190)
Year end date: 31/5/2001
Currency: HKD
Auditors' Report: Qualified
Review of Interim Report by: N/A
                                                            (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                                 : 295,648          367,194
Profit/(Loss) from Operations            : (143,035)        19,560
Finance cost                             : (16,797)         (12,696)
Share of Profit/(Loss) of Associates     : N/A              N/A
Share of Profit/(Loss) of
  Jointly Controlled Entities            : N/A              N/A
Profit/(Loss) after Tax & MI             : (154,083)        3,596
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (41.80 cents)    1.34 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : (154,083)        3,596
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : N/A
Payable Date                             : N/A
B/C Dates for Annual General Meeting     : 25/7/2002 to 26/7/2002 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remark:

(Loss)/Earnings per share

The calculation of basic (loss)/earnings per share is based on the loss 
attributable to shareholders of HK$154,083,000 (2000: profit of 
HK$3,596,000) and the weighted average of 368,836,000 (2000: 267,800,000) 
ordinary shares in issue during the year.

Diluted loss per share for each of the year ended 31 May 2001 and 2000 is 
not shown as the potential ordinary shares are anti-dilutive.