FLEXSYSTEM<08050> - Results Announcement

FlexSystem Holdings Limited announced on 26/06/2006:
(stock code: 08050 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: Unqualified

Important Note:

This result announcement form only contain extracted information
from and should be read in conjunction with the detailed results 
announcement of the issuer, which can be view on the GEM website
at http://www.hkgem.com

                                                        (Audited   )
                                     (Audited   )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2005    from 01/04/2004
                                     to 31/03/2006      to 31/03/2005
                               Note  ('000      )       ('000      )
Turnover                           : 71,497             63,826            
Profit/(Loss) from Operations      : 1,929              (1,780)           
Finance cost                       : 0                  0                 
Share of Profit/(Loss) of 
  Associates                       : 0                  0                 
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 0                  (347)             
Profit/(Loss) after Tax & MI       : 2,566              (2,298)           
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0043             (0.0038)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 2,566              (2,298)           
Final Dividend                     : N/A                N/A
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  Final Dividend                   : N/A   
Payable Date                       : N/A
B/C Dates for (-)            
  General Meeting                  : N/A   
Other Distribution for             : N/A
  Current Period                     
                                     
B/C Dates for Other 
  Distribution                     : N/A   


	For and on behalf of 
	FlexSystem Holdings Limited
  
Name :  Gary Leung Wai Cheung
Title : Cheif Financial Officer  

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 and accounting policies
FlexSystem Holdings Limited ("the Company") was incorporated in the
Cayman Islands on 8 May, 2000 as an exempted company with limited
liability under the Companies Law (2000 Revision) of the Cayman
Islands. 

The financial statements have been prepared in accordance with Hong Kong
Financial Reporting Standards ("HKFRSs") (which also include Hong Kong 
Accounting Standards ("HKASs") and Interpretations) issued by the Hong 
Kong Institute of Certified Public Accountants ("HKICPA"), accounting 
principles generally accepted in Hong Kong, the disclosure requirements 
of the Hong Kong Companies Ordinance and the applicable disclosure 
provisions of the Rules Governing the Listing of Securities on GEM. The 
financial statements have been prepared under the historical cost 
convention, as modified by the revaluation of availabe-for-sale 
financial assets.

The preparation of the financial statements in conformity with HKFRSs
requires the use of certain critical accounting estimates. It also
requires management to exercise its judgement in the process of applying
the Company's accounting policies. The areas involving a higher degree 
of judgement or complexity, or areas where assumptions and estimates are 
significant to the financial statements, are disclosed in Note 5 to the
financial statements.

For the year ended 31 March, 2006, the Group adopted the new/revised 
HKFRSs, which are relevant to its operations are disclosed in Note 2 to 
the financial statements. The 2005 comparatives have been amended as 
required, in accordance with the relevant requirements.

(2) Earning/(loss) per share
The calculation of the basic earning/(loss) per share is based on the 
net profit/(loss) of the Group attributable equity holders of the 
Company of approximately HK$2,566,000 (2005: loss of HK$2,298,000) and 
the weighted average number of 600,000,000 (2005: 600,000,000) ordinary 
shares in issue during the year.

There were no dilutive pontential ordinary shares in existence for the 
years ended 31 March, 2005 and 2006.