BENEFUN INT'L<01130> - Results Announcement (Summary)

Benefun International Holdings Limited announced on 11/10/2002:
(stock code: 1130)
Year end date: 30/6/2002
Currency: HK$
Auditors' Report: N/A
Review of Interim Report by: N/A

                                                            (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/7/2001    from 1/7/2000
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 137,914          122,907
Profit/(Loss) from Operations            : (36,605)         (22,892)
Finance cost                             : (1,953)          (3,424)
Share of Profit/(Loss) of Associates     : (26)             (48)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : NIL              NIL
Profit/(Loss) after Tax & MI             : (38,856)         (26,150)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : ($0.047)         ($0.038)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : NIL              NIL
Profit/(Loss) after ETD Items            : (38,856)         (26,150)
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : NIL              NIL
B/C Dates for Final Dividend             : NIL
Payable Date                             : -
B/C Dates for (-) General Meeting        : NIL
Other Distribution for Current Period    : NIL
B/C Dates for Other Distribution         : NIL

Remark:

Loss per share

The calculation of basic loss per share is based on the consolidated loss 
attributable to shareholders of $38,856,000 (2001: $26,150,000) divided by 
the weighted average of 819,463,000 ordinary shares (2001: 684,068,000 
ordinary shares) in issue during the year.  Fully diluted figures are not 
shown as there is no potential dilutive effect for the year ended 30 June, 
2002.