TOYO HOLDINGS<0094> - Results Announcement

Toyo Holdings Limited announced on 29/8/2000:
(stock code: 94)
Year end date: 31/12/2000
Currency: HK$                                               (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2000    from 1/1/1999
                                           to 30/6/2000     to 30/6/1999
                                           ('000)           ('000)
Turnover
    - Continuing                         : 117,193          1,791,092
    - Discontinued                       : 1,417,202        -
Operating Profit/(Loss)
    - Continuing                         : (81,993)         (551,625)
    - Discontinued                       : (39,756)         -
Total Operating Profit/(Loss)            : (121,749)        (551,625)
Share of Profit/(Loss) of
  Associated Companies                   : -                (1,099)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (147,519)        (569,859)
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (4.40 cents)     (24.33 cents)
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (147,519)        (569,859)
Interim Dividend per Share               : Nil              Nil
(Specify if with other options)          : N/A              N/A
B/C Dates for Interim Dividend           : N/A
Payable Date                             : N/A
B/C Dates for (-) General Meeting        : N/A
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

(1)  The Discontinued Operation is represented by the disposed business - 
Tomei International (BVI) Limited.

(2)  The exceptional items and finance cost in the corresponding period of 
1999 are reclassified in accordance to SSAP1 for presentation.

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