THINSOFT<08096> - Results Announcement (Q2, 2004, Summary)


ThinSoft (Holdings) Inc announced on 30/07/2004:
(stock code: 08096 )

Year end date                         :31/12/2004
Currency                              :HKD
Auditors' report                      :N/A
2nd Quarterly Report Reviewed 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 01/01/2004   from 01/01/2003
                                         to 30/06/2004     to 30/06/2003
                                                 $'000             $'000

Turnover                              :          6,980             9,340
Profit/(Loss) from Operations         :        (3,487)           (7,450)
Finance cost                          :              0                 0
Share of Profit/(Loss) of Associates  :              0                 0
Share of Profit/(Loss) of Jointly
         Controlled Entites           :              0                 0
Profit/(Loss) after Taxation & MI     :        (3,616)           (7,467)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :    (HKD 0.0072)       (HKD 0.0149)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :        (3,616)           (7,467)
2nd Quarter Dividends per Share       :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for 2nd 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
ThinSoft (Holdings) Inc

Signature :
Name      : Ngiam Mia Hai Bernard
Title     : Chairman & 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. Basis of preparation and principal accounting policies
	
The basis of preparation and accounting policies adopted for the
preparation of the interim financial statements are consistent
with those adopted by the Group in its annual financial statements
for the year ended 31 December 2003.
	
2. Turnover
	
Turnover represents the net invoiced sales and services rendered,
less discounts, returns, and applicable goods and services taxes.
All significant transactions among the companies comprising the
Group have been eliminated on consolidation.
	
3. Tax
	
Hong Kong profits tax has not been provided as the Group did not
generate any assessable profits in Hong Kong during the period
ended 30 June 2004 (2003: Nil).
	
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% (2003: 22%) on the estimated assessable profits
arising in Singapore for the periods ended 30 June 2003 and 2004.
	
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% for the
periods ended 30 June 2003 and 2004, on its estimated assessable
profits arising on a world wide basis.
	
4. Loss per share
	
(a) Basic
	
The calculation of basic loss per share is based on the net loss
from ordinary activities attributable to shareholders for the
three months and six months ended 30 June 2004 of approximately
HK$989,000 and approximately HK$3,616,000 respectively, and the
weighted average of 501,255,000 and 501,253,434 ordinary shares
respectively in issue during the three months and six months ended
30 June 2004.
	
The calculation of basic loss per share for the three months and
six months ended 30 June 2003 is based on the net loss from ordinary
activities attributable to shareholders of approximately HK$2,988,000
and approximately HK$7,467,000 respectively and the weighted average
of 500,973,077 and 500,498,066 ordinary shares respectively
issued during the periods.
	
(b) Diluted
	
The exercise of the shares options granted by the Company would
have an anti-dilutive effect on the loss per share for the three
months and six months ended 30 June 2003 and 2004.
	
5. Dividends
	
No dividend has been paid or declared by the Company or any of
the companies comprising the Group during the period ended
30 June 2004 (2003: Nil).