CHINASOFT<08216> - Results Announcement (Q1, 2005, Summary)

Chinasoft International Limited announced on 13/05/2005:
(stock code: 08216 )

Year end date :31/12/2005
Currency :RMB
Auditors' report :N/A
1st Quarterly Report Reviewed by :Audit Committee

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 01/01/2005 from 01/01/2004
to 31/03/2005 to 31/03/2004
$'000 $'000

Turnover : 89,075 58,816
Profit/(Loss) from Operations : 8,362 7,166
Finance cost : 117 (36)
Share of Profit/(Loss) of Associates : 365 0
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : 8,045 5,458
% Change Over the Last Period : +47.40%
EPS / (LPS)
Basic (in dollar) : RMB 0.012 RMB 0.009
Diluted (in dollar) : RMB 0.011 RMB 0.008
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : 8,045 5,458
1st Quarter Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarter 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
(bdi: both days inclusive)

For and on behalf of
Chinasoft International Limited

Signature :
Name : Mr. Fok Ming Fuk
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.

Remarks:

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 Institute of Certified Public 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 Tax Bureau of
Beijing Haidian District dated 21st November, 2000, Beijing
Chinasoft International Information Technology Limited
("Beijing Chinasoft"), a wholly-owned 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
from the first-profit-making year with effect from 2000.

Beijing Chinasoft 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

The directors do not recommend the payment of an interim dividend
for the three months ended 31st March, 2005 (2004: Nil).

5. EARNINGS PER SHARE

The Calculation of the earnings per share for the three months ended
31st March, 2005 was based on the net profit of approximately
RMB8,045,000 during the three months ended 31st March, 2005 (three
months ended 31st March, 2004: RMB5,458,000) divided by the
weighted average number of ordinary shares then issued of
697,500,000 shares during the three months ended 31st March
2005 (2004: 640,000,000 shares)

The Calculation of diluted earnings per share for the three months
ended 31st March, 2005 was based on the net profit of RMB8,045,000
for the three months ended 31st March, 2005 (three months ended
31st March, 2004: RMB5,458,000) divided by the weighted average
number of shares used in calculation of diluted earnings per share
for the three months ended 31st March, 2005 of 761,240,000shares
(2004:642,808,608shares).