ZHONG HUA LAND<1064> - Results Announcement

Zhong Hua Land Holdings Limited announced on 30/5/2000:
(stock code: 1064)
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

Turnover
    - Continuing                         : 147,970,000      171,534,000
    - Discontinued                       : N/A              N/A
Operating Profit/(Loss)
    - Continuing                         : 12,789,000       72,619,000
    - Discontinued                       : N/A              N/A
Total Operating Profit/(Loss)            : 12,789,000       72,619,000
Share of Profit/(Loss) of
  Associated Companies                   : NIL              NIL
Share of Profit/(Loss) of
  Jointly Controlled Entities            : NIL              NIL
Profit/(Loss) after Tax & MI             : 2,180,000        48,898,000
% Change over Last Period                : -95.5%
EPS/(LPS)-Basic                          : 0.4 cent         8.2 cents
         -Diluted                        : N/A              N/A
Extraordinary (ETD) Gain/(Loss)          : N/A              N/A
Profit/(Loss) after ETD Items            : 2,180,000        48,898,000
Final Dividend per Share                 : 1.6 cents        3 cents
(Specify if with other options)          : -                (with
                                                            scrip option)
B/C Dates for Final Dividend             : 29/6/2000 to 30/6/2000 bdi.
Payable Date                             : on or about 25/7/2000
B/C Dates for Annual General Meeting     : 29/6/2000 to 30/6/2000 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A