ANKOR GROUP<0059> - Results Announcement

Ankor Group Limited announced on 19/4/2000:
(stock code: 59)

The accounts which contain the following results are modified by 
the Company's auditor.  For more details, please refer to the press 
announcement issued by the Company on 20/4/2000.

Year end date: 31/12/1999
Currency: HKD                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/1999    from 1/1/1998
                                           to 31/12/1999    to 31/12/1998
                                           ('000)           ('000)
Turnover
    - Continuing                         : 116,514          195,417
    - Discontinued                       : 22,299           43,073
Operating Profit/(Loss)
    - Continuing                         : (36,435)         (74,589)
    - Discontinued                       : (58,623)         (2,904)
Total Operating Profit/(Loss)            : (95,058)         (77,493)
Share of Profit/(Loss) of
  Associated Companies                   : 1,267            (1,279)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax  & MI            : (92,691)         (78,772)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (11.9 cents)     (10.1 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (92,691)         (78,772)
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     : To be advised
Other Distribution for Current Period    : N/A             
B/C Dates for Other Distribution         : N/A

Remarks:

(1) The auditors have modified their audit report giving reference
to the fundamental uncertainty relating to the basis of
preparation of the accounts and the group's dependence upon sufficient
capital injections to ensure that adequate finance is available
to meet the group's future working capital requirements which
in turn is dependent on the completion of the Subscription Agreement.
In consideration that appropriate disclosures regarding this uncertainty 
have been included in the accounts, the auditors have not qualified their 
opinion.

(2) "Turnover-discontinued" represented turnover for commercial vehicle 
operations which was sold during the year.

(3) "Loss-discontinued" represented loss on disposal of properties and 
business of HK$56,359,000 and normal trading loss of HK$1,164,000 in 
respect of the sales of commercial vehicle operations.

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