THINSOFT<08096> - Results Announcement (Q2, 2005, Summary)


ThinSoft (Holdings) Inc announced on 11/08/2005:
(stock code: 08096 )

Year end date                         :31/12/2005
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 01/01/2005   from 01/01/2004
                                         to 30/06/2005     to 30/06/2004
                                                 $'000             $'000

Turnover                              :          8,600             6,980
Profit/(Loss) from Operations         :          1,893           (3,847)
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     :          1,617           (3,616)
% Change Over the Last Period         :            N/A
EPS / (LPS)
          Basic (in dollar)           :     HKD 0.0032      HKD (0.0072)
          Diluted (in dollar)         :     HKD 0.0031               N/A
Extraordinary (ETD) Gain/(Loss)       :             0                 0
Profit (Loss) after ETD Items         :          1,617           (3,616)
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     : 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. PRINCIPAL ACCOUNTING POLICIES AND BASIS OF PREPARATION
	
The Group's unaudited condensed interim financial statements have
been prepared in accordance with the applicable disclosure
requirements of Chapter 18 of the Rules Governing the Listing of
Securities on the Growth Enterprise Market of the Stock Exchange of
Hong Kong Limited (the "GEM Listing Rules") and with Hong Kong
Accounting Standard 34 "Interim Financial Reporting" issued by the
Hong Kong Institute of Certified Public Accountants.
	
The unaudited condensed interim financial statements have been
prepared under the historical cost convention. The accounting
policies and basis of preparation adopted for the preparation of
these accounts are consistent with those adopted by the Group in
its annual financial statements for the year ended 31 December 2004.
	
2. TURNOVER
	
Turnover represents the net invoiced value of goods sold 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 (2004: Nil) as the Group
did not generate any assessable profits in Hong Kong during the
period.
	
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% (2004: 20%) on the estimated assessable profits arising
in Singapore for the period ended 30 June 2005.
	
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 2004 and 2005, on its estimated assessable profits
arising on a world wide basis.
	
The Group has tax losses arising in the United States of America of
approximately HK$15,639,000 for the year ended 31 December 2004 that
are available for offsetting against future taxable profits of the
companies in which the losses arose. Deferred tax assets have not
been recognised in respect of these losses as they have arisen in
subsidiaries that have been loss-making for some time.
	
4. EARNINGS/(LOSS) PER SHARE
	
Basic
	
The calculation of basic earnings per share for the three months and
six months ended 30 June 2005 are based on the net profit from
ordinary activities attributable to shareholders of HK$954,000 and
HK$1,617,000, and the weighted average of 501,255,000 and 501,255,000
ordinary shares in issue during the three months and six months
ended 30 June 2005.
	
The calculation of basic loss per share for the three months and six
months ended 30 June 2004 are based on the net loss from ordinary
activities attributable to shareholders of HK$989,000 and
HK$3,616,000, and the weighted average of 501,255,000 and 501,253,434
ordinary shares in issue during the three months and six months
ended 30 June 2004.
	
Diluted
	
The calculation of the diluted earnings per share for the three
months and six months ended 30 June 2005 are based on the net profit
from ordinary activities attributable to shareholders of HK$954,000
and HK$1,617,000, and 520,902,857 ordinary shares for both periods.
	
Diluted loss per share amounts for the three months and six months
ended 30 June 2004 have not been presented, as the share options
outstanding during these periods had an anti-dilutive effect on the
basic loss per share for these periods.
	
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 2005
(2004: Nil).