LUOYANG GLASS<01108> - Results Announcement

Luoyang Glass Company Limited announced on 29/04/2003:
(stock code: 01108 )
Year end date: 31/12/2002
Currency: RMB
Auditors' Report: Modified

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 1/1/2002      from 1/1/2001  
                                     to 31/12/2002      to 31/12/2001 
                               Note  ('000      )       ('000      )
Turnover                           : 822,804            813,385           
Profit/(Loss) from Operations      : (342,462)          30,039            
Finance cost                       : (46,454)           (21,147)          
Share of Profit/(Loss) of 
  Associates                       : 9,030              (3,398)           
Share of Profit/(Loss) of
  Jointly Controlled Entities      : N/A                N/A               
Profit/(Loss) after Tax & MI       : (342,449)          9,868             
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : (0.49)             0.01              
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : (342,449)          9,868             
Final Dividend                     : Nil                Nil               
  per Share                                                               
(Specify if with other             : N/A                N/A               
  options)                                                                
                                                                          
B/C Dates for 
  Final Dividend                   : N/A          
Payable Date                       : N/A       
B/C Dates for Annual         
  General Meeting                  : 19/5/2003          to 17/6/2003 bdi.
Other Distribution for             : N/A           
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A          

Remarks:

                                        
1.  "Non-operating income" and "non-operating expenses" have been 
reclassified as "other operating income" and "other operating 
expenses" respectively to better reflect the presentation of the financial 
statements.

2.  The calculation of basic (loss)/earnings per share is based on the 
loss attributable to shareholders of Rmb 342,449,000 (2001: profit of 
Rmb9,868,000) and 700,000,000 (2001: 700,000,000) shares in issue during 
the year.