LUOYANG GLASS<01108> - Results Announcement (Summary)

Luoyang Glass Company Limited announced on 23/8/2002:
(stock code: 1108)
Year end date: 31/12/2002
Currency: Renminbi
Auditors' Report: N/A
Review of Interim Report by: Audit Committee

                                                            (Unaudited)
                                           (Unaudited)      Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/1/2002    from 1/1/2001
                                           to 30/6/2002     to 30/6/2001
                                           ('000)           ('000)
Turnover                                 : 351,257          387,132
Profit/(Loss) from Operations            : (92,474)         19,076
Finance cost                             : (19,761)         (10,455)
Share of Profit/(Loss) of Associates     : (1,608)          (1,993)
Share of Profit/(Loss) of
  Jointly Controlled Entities            : -                -
Profit/(Loss) after Tax & MI             : (97,281)         7,966
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (Rmb 0.139)      Rmb 0.011
         -Diluted                        : -                -
Extraordinary (ETD) Gain/(Loss)          : -                -
Profit/(Loss) after ETD Items            : (97,281)         7,966
Interim Dividend per H Share             : NIL              NIL
(Specify if with other options)          : -                -
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. Investment income, non-operating income and non-operating expenses for 
the period ended 30 June 2001 with a net debit effect of Rmb2,471,000 were 
included in "profit from operations" in order to conform with the current 
period's presentation.

2. Basic (loss)/earnings per share

Basic (loss)/earnings per share is calculated with reference to the loss 
attributable to shareholders for the six months ended 30 June 2002 of 
Rmb97,281,000 (2001: profit of Rmb 7,966,000) and the number of shares in 
issue of 700,000,000 (2001:700,000,000) during the period.

Diluted (loss)/earnings per share

There were no dilutive potential ordinary shares in existence during the 
period from 1 January 2001 to 30 June 2002.

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