Quarterly Results announcement form

Name of listed company : FX Creations International Holdings Limited

Stock code : 08136

Year end date :31/03/2003

Auditors' report : N/A

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at

Currency: HK$'000
(Unaudited) (Unaudited)
Quarterly Results Announcement Current Last Corresponding
Period Period
from 01/04/2002 from 01/04/2001
to 30/06/2002 to 30/06/2001
HK$'000 HK$'000

Turnover : 12,156 10,849
Profit/(Loss) from Operations : 644 221
Finance cost : -138 -123
Share of Profit/(Loss) of Associates : 0 0
Share of Profit/(Loss) of
Jointly Controlled Entites : 0 0
Profit/(Loss) after Taxation & MI : 408 82
% Change Over the Last Period : 397.56 %
EPS / (LPS) - Basic : 0.12 cent 0.03 cent
- Diluted : N/A N/A
Extraordinary (ETD) Gain/(Loss) : 0 0
Profit (Loss) after ETD Items : 408 82
1st Q Dividend per Share : Nil Nil
(specify if with other options) : N/A N/A
B/C Dates for 1st Q Dividend : N/A to N/A bdi.
Payable Date : N/A
B/C Dates for AGM/SGM : N/A to N/A bdi.
Other Distribution for Current Period: Nil
B/C Dates for Other Distribution : N/A to N/A bdi.
(bdi: both days inclusive)

For and on behalf of
FX Creations International Holdings Ltd.
Signature :
Name : Ong Chor Wei
Title : Director

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries, that
to the best of their knowledge and belief the Information are accurate and
complete in all material respects and not misleading and that there are no
other matters the omission of which would make the Information herein
inaccurate or misleading. The Directors acknowledge that the Stock
Exchange has no responsibility whatsoever with regard to the Information
and undertake to indemnify the Exchange against all liability incurred and
all losses suffered by the Exchange in connection with or relating to
the Information.



The Company was incorporated in the Cayman
Islands on 10 January 2002 as an exempted
company with limited liability under the
Companies Law (2001 Second Revision) of the
Cayman Islands.

Pursuant to a reorganisation scheme (the
"Group Reorganisation") to rationalise the
structure of the Company and its subsidiaries
(hereinafter collectively referred to as the
"Group") in preparation for the listing of the
Company's shares on the Growth Enterprise
Market ("GEM") of The Stock Exchange of Hong
Kong Limited in May 2002, the Company became the
holding company of the companies now comprising
the Group on 2 May 2002. This was accomplished
by the Company acquiring the entire issued
share capital of Resource Base Enterprises
Limited ("RBEL"), the then holding company
of other subsidiaries, in consideration for
the allotment and issue of 5,599,999 shares
of HK$0.01 each in the share capital of the
Company, credited as fully paid, to Wise New
Management Limited, the former shareholder
of RBEL. Further details of the Group
Reorganisation are set out in the Company's
prospectus dated 8 May 2002. The shares of the Company
(the "shares") were listed on GEM on 21 May 2002.

The unaudited consolidated/combined results have been
prepared using the merger basis of accounting
as a result of the Group Reorganisation. On
this basis, the Company has been treated as
the holding company of its subsidiaries since
their respective dates of incorporation rather
than from the date of their acquisition
pursuant to the Group Reorganisation.
Accordingly the unaudited consolidated/combined
results of the Group for the three months
ended 30 June 2001 and 2002 included the results
of the Company and its subsidiaries with effect
from 1 April 2001 as if the current Group structure
has been in existence throughout the periods.

In the opinion of the Directors, the unaudited
consolidated/combined results prepared on the above
basis present fairly the results of the Group as a whole.

All significant transactions and balances within
the Group have been eliminated on


The calculation of basic earnings per share
for the three months ended 30 June 2002
is based on the unaudited net profit
from ordinary activities attributable to
shareholders for the three months ended
30 June 2002 of approximatedly HK$408,000
(three months ended 30 June 2001 : HK$82,000)
and the weighted average of 346,925,000 shares
in issue during the three months ended 30 June
2002 (pro forma number of shares in issue
for the three months ended 30 June 2001 :

Diluted earnings per share for the three months
ended 30 June 2001 and 2002 have not been
disclosed as no diluting events existed during
those periods.