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

ThinSoft (Holdings) Inc announced on 31/1/2005:
(stock code: 08096 )

Year end date                         :31/12/2004
Currency                              :HKD
Auditors' report                      :Unqualified

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

                                             (Audited)         (Audited)
                                              Current Last Corresponding
                                               Period            Period
                                       from 01/01/2004   from 01/01/2003
                                         to 31/12/2004     to 31/12/2003
                                                 $'000             $'000

Turnover                              :         17,972            19,216
Profit/(Loss) from Operations         :        (7,803)          (11,796)
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     :        (7,691)          (11,564)
% Change Over the Last Period         :            N/A
          Basic (in dollar)           :    (HKD 0.0153)      (HKD 0.0231)
          Diluted (in dollar)         :            N/A               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :        (7,691)          (11,564)
Final Dividends per Share             :            NIL               NIL
(specify if with other options)       :            N/A               N/A
B/C Dates for Final 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

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.

1. Basis of preparation
These financial statements have been prepared in accordance with
Hong Kong Financial Reporting Standards (which also include
Statements of Standard Accounting Practice and Interpretations)
issued by the Hong Kong Institute of Certified Public Accountants,
accounting principles generally accepted in Hong Kong and the
disclosure requirements of the Hong Kong Companies Ordinance. They
have been prepared under the historical cost convention.
2. Turnover
Turnover represents the net invoiced value of goods sold and services
rendered, less discounts, returns, and applicable goods and service
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 (2003: Nil) as the Group
did not generate any assessable profits in Hong Kong during the year.
ThinSoft Pte Ltd, a company incorporated in Singapore, is subject to
Singapore income tax. Singapore income tax has been provided at the
rate of 20% (2003: 22%) on the estimated assessable profits arising
in Singapore for the year ended 31 December 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 years ended 31 December 2003 and 2004 on its estimated assessable
profits arising on a world wide basis.
4. Loss per share
The calculation of basic loss per share is based on the net loss
from ordinary activities attributable to shareholders for the year
of HK$7,690,944 (2003: HK$11,564,364), and the weighted average
of 501,254,221 (2003: 500,925,480) ordinary shares in issue during
the year.
Diluted loss per share amounts for the years ended 31 December 2004
and 2003 have not been presented, as the share options outstanding
during these years had an anti-dilutive effect on the basic loss
per share for these years.
5. Dividends
No dividend has been paid or declared by the Company or any of
the companies comprising the Group during the year (2003: Nil).