CHINASOFT<08216> - Results Announcement (Q2, 2003, Summary)

Chinasoft International Limited announced on 8/8/2003:
(stock code: 08216 )

Year end date :31/12/2003
Currency :RMB
Auditors' report :N/A
Review of 2nd Quarterly Report by :Audit Committee & Auditors

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
http://www.hkgem.com

(Unaudited) (Unaudited)
Current Last Corresponding
Period Period
from 1/1/2003 from 1/1/2002
to 30/6/2003 to 30/6/2002
$'000 $'000

Turnover : 59,080 53,279
Profit/(Loss) from Operations : 9,896 6,542
Finance cost : 0 0
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 7,915 5,560
% Change Over the Last Period : +42.36%
EPS / (LPS)
Basic (in dollar) : RMB 0.016 RMB 0.012
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 7,915 5,560
2nd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd Quarterly Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A

For and on behalf of
Chinasoft International Limited
Signature :
Name :Terence Yim
Title :Company secretary

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.

Remark:
1. BASIS OF PRESENTATION

The financial statements of the Group have been prepared in
accordance with Statements of Standard Accounting Practice issued
by the Hong Kong Society of Accountants, accounting principles
generally accepted in Hong Kong and the Rules Governing the
Listing of Securities on GEM.

2. TURNOVER

Turnover, which is stated net of valued-added tax and other sales
tax and returns, represents amounts invoiced to customers, except
in respect of provision of solutions services and IT outsourcing
services where turnover represents the value of work done during
the year, including amounts not yet invoiced.

3. TAXATION
Pursuant to an approval document issued by the State Bureau of
Beijing Haidian District dated 21st November 2000, Beijing
Chinasoft FE International Information Technology Limited
("Chinasoft FE"), a major operating subsidiary of the Group,
has been designated as advanced technology enterprise and is
entitled to the three year's exemption from income tax followed
by three years of 50% tax reduction commencing the first-profit
-making year with effect from 2000.

Chinasoft FE is subject to the income tax computed at the rate of
7.5% for the three years ending 31st December 2005 and at the rate
of 15% on its taxable profit thereafter.

No provision for Hong Kong Profits Tax has been made for the
relevant periods as the Group did not have any assessable profit
during the Relevant Periods.

There were no significant unprovided deferred taxation during the
relevant periods and as at the respective balance sheet dates.

4. DIVIDEND

On 27th May 2002, the Company declared dividend amounting to
HK$5,100,000 (equivalent to RMB5,406,000) for the year ended
31st December 2001 to its shareholders. The amount was paid
to its shareholders in May 2002.

5. EARNING PER SHARE
The calculation of the basic earnings per share for the
six months ended 30th June, 2003 was based on the net
profit of approximately RMB7,915,000 (2002: RMB5,560,000)
divided by the weighted average number of shares issued
during the six months ended 30th June, 2003 of 489,724,000
shares (2002: 480,000,000 shares) as if the sub-division
of the Company's shares as described in Appendix VI
of the Prospectus had taken place at the beginning of
the relevant periods.

Diluted earnings per share is not presented for the
six months ended 30th June, 2003 and 2002 as there were
no potential dilutive securities in existence during the
relevant periods.