KWONG HING INTL<01131> - Results Announcement (Summary)

Kwong Hing International Holdings (Bermuda) Limited announced on 
18/07/2003:
(stock code: 1131)
Year end date: 31/3/2003
Currency: HKD
Auditors' Report: Unqualified
                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2002    from 1/4/2001
                                           to 31/3/2003     to 31/3/2002
                                           ('000)           ('000)
Turnover                                 : 353,326          336,032
Profit/(Loss) from Operations            : 23,179           (1,713)
Finance cost                             :  -               (34)
Share of Profit/(Loss) of Associates     :  -               (19,997)
Share of Profit/(Loss) of
  Jointly Controlled Entities            :  -                -
Profit/(Loss) after Tax & MI             : 22,180           (20,303)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : 5.7 cents        (10.9 cents)
         -Diluted                        : 5.7 cents        N/A
Extraordinary (ETD) Gain/(Loss)          : -                 -
Profit/(Loss) after ETD Items            : 22,180           (20,303)
Final Dividend per Share                 : $0.013           Nil
Special dividend per Share               : $0.020           Nil
(Specify if with other                   : N/A              N/A          
  options)                                                               
B/C Dates for Final and Special Dividend : 25/8/2003 to 28/8/2003 bdi.
Payable Date                             : 29/8/2003
B/C Dates for Annual General Meeting     : 25/8/2003 to 28/8/2003 bdi.
Other Distribution for Current Period    : Nil
B/C Dates for Other Distribution         : N/A

Remark:

The calculation of the basic and diluted earnings per share is based on 
the following data:

                                                 2003           2002
                                                 HK$'000        HK$'000

    Net profit (loss) for the year               22,180         (20,303)
                                                 =======================   
     
    Weighted average number of ordinary shares                             
    for the purposes of basic earnings per share 386,640,000  186,258,082

    Effect of dilutive potential ordinary shares
    in respect of share options                  2,677,243      -   
                                                 ------------------------
    Weighted average number of ordinary shares
    for the purposes of diluted earnings per 
    share                                       389,317,243   186,258,082
                                                =========================

        The weighted average number of ordinary shares for the basic 
earnings per share has been adjusted for the effect of the consolidation 
of every 10 shares of HK$0.01 each into 1 share of HK$0.10 each effected 
on 19th March, 2003.