BENEFUN INT'L<1130> - Results Announcement

Benefun International Holdings Limited announced on 21/3/2000:
(stock code: 1130)
Year end date: 30/6/2000
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/1999    from 1/7/1998
                                           to 31/12/1999    to 31/12/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 54,500           90,391
    - Discontinued                       : -                -
Operating Profit/(Loss)
    - Continuing                         : (11,670)         (17,346)
    - Discontinued                       : -                -
Total Operating Profit/(Loss)            : (11,670)         (17,346)
Share of Profit/(Loss) of
  Associated Companies                   : (95)             -
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (12,058)         (17,425)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (2.28 cents)     (3.98 cents)
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (12,058)         (17,425)
Interim Dividend per Share               : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Interim Dividend           : -
Payable Date                             : -
B/C Dates for (-) General Meeting        : -
Other Distribution for Current Period    : -
B/C Dates for Other Distribution         : -

Remarks:

(1) Operating loss was arrived at after taking into account of the 
following exceptional items:-
                                           1999             1998
                                           HK$'000          HK$'000
Loss on disposal of fixed assets           0                (1,970)
Debtors and deposits written off           (835)            0
Obsolete stock written off                 (7,655)          (5,607)
                                           ----------       ----------
                                           (8,490)          (7,577)
                                           =======          =======

(2) The calculation for basic loss per share is based on the
consolidated loss attributable to shareholders of HK$12,058,000
(1998: $17,425,000) divided by the weighted average of 529,272,369
ordinary shares (1998: 437,351,813 shares) in issue during the period.
Fully diluted figures are not shown as the Group incurred a loss for the
period.

For more details, please refer to the press announcement today.