THINSOFT<08096> - Results Announcement (Q3, 2002, Summary)

ThinSoft (Holdings) Inc announced on 13/11/2002:
(stock code: 08096)

Year end date                         :31/12/2002
Currency                              :HKD
Auditors' report                      :N/A
Review of 3rd 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 01/01/2002   from 01/01/2001
                                         to 30/09/2002     to 30/09/2001
                                                 $'000             $'000

Turnover                              :         14,964            21,664
Profit/(Loss) from Operations         :         (2,360)            4,394
Finance cost                          :             (2)            (242)
Share of Profit/(Loss) of Associates  :              0                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :              0                 0
Profit/(Loss) after Taxation & MI     :         (2,822)            2,617
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :    (HKD 0.0059)        HKD 0.007
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :              0                 0
Profit (Loss) after ETD Items         :         (2,822)            2,617
3rd Quarterly Dividends per Share     :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 3rd 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
                                       ThinSoft (Holdings) Inc
                            Signature :
                                 Name :Ngiam Mia Hai Bernard
                                Title :  Executive 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.

Remarks:

1. Group reorganization

The Company was incorporated in the Cayman Islands as an exempted
company with limited liablity under the Companies Law of the Cayman
Islands on 28 September 2001.  Pursuant to a group reorganization
(the ¡§Group Reorganization¡¨) to rationalize the structure of 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 (the ¡§Stock Exchange¡¨) on 27 February 2002, the
Company became the holding company of the companies now comprising
the Group on 23 February 2002.  Further details of the Group 
Reorganization are set out in the Company¡¦s prospectus (the
¡§Prospectus¡¨) dated 19 February 2002.

2. Basis of presentation
 
The Group Reorganization has been accounted for by the Company
using merger accounting method in accordance with the Statement of
Standard Accounting Practice (¡§SSAP¡¨) No. 2.127 ¡§Accounting for
Group Reconstructions¡¨.  The comparative figures for the three
months and nine months ended 30 September 2001 included the results 
of all companies involved in the Group Reorganization, which were
assumed to have been in existence throughout the said periods or
since their respective dates of incorporation, where this is a
shorter period.  The figures for the nine months ended 30 September
2002 have been prepared as if the Group Reorganization had been
completed on 1 January 2002.

All significant transactions and balances among the companies
comprising the Group have been eliminated on combination and 
consolidation. 

3. Turnover

Turnover represents the net invoiced sales and services rendered
, less discounts, returns, and applicable goods and services taxes.

4. Tax

Hong Kong profits tax has not been provided as the Group did not
generate any assessable profits in Hong Kong during the period 
under review.

ThinSoft Pte Ltd, a company incorporated in Singapore, is subject
to Singapore income tax.  Singapore income tax has been provided 
at the rate of 22% (2001: 24.5%) on the estimated assessable profits
arising in Singapore for the period ended 30 September 2002. 

ThinSoft (USA) Inc, a company incorporated in the State of Delaware
in the United States of America and operating in the State of
California in the United States of America, is subject to the 
United States federal income tax at progressive rates of between
15% to 39%, and California state corporate tax at a rate of 8.84%
(2001: 8%) for the period ended 30 September 2002, on its estimated
assessable profits arising on a world wide basis.

There were no unprovided deferred taxes in respect of the period 
under review (2001: Nil).

5. Dividend

The directors do not recommend the payment of an interim dividend
for the nine months ended 30 September 2002 (2001: Nil).

6. (Loss)/earnings per share

The basic loss per share for the three months and nine months ended 
30 September 2002 are calculated based on the unaudited consolidated
loss attributable to shareholders of the Company for the three
months and nine months ended 30 September 2002 of approximately 
HK$3,667,000 and HK$2,822,000 respectively  (2001: profit of
approximately HK$300,000 and HK$2,617,000 respectively) and 
500,000,000 shares and 474,816,850 share respectively (2001:  
375,000,000 shares and 375,000,000 shares respectively) deemed
to have been issued and issuable during the period under review 
on the assumption that the Group Reorganization and the subsequent
capitalization issue of 372,000,000 shares of the Company had been
effective on 1 January 2001.

A diluted loss per share for the three months and nine months ended
30 September 2002 have not been presented as the effect of any 
dilution is anti-dilutive.

A diluted earnings per share for the three months and nine months
ended 30 September 2001 have not been presented as no diluting
events existed during that period.