FLEXSYSTEM<08050> - Results Announcement

FlexSystem Holdings Limited announced on 10/08/2005:
(stock code: 08050 )
Year end date: 31/03/2006
Currency: HKD
Auditors' Report: N/A
Interim report reviewed by: Audit Committee

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

                                                        (Unaudited )
                                     (Unaudited )       Last
                                     Current            Corresponding
                                     Period             Period
                                     from 01/04/2005    from 01/04/2004
                                     to 30/06/2005      to 30/06/2004
                               Note  ('000      )       ('000      )
Turnover                           : 19,571             13,667            
Profit/(Loss) from Operations      : 2,524              (1,181)           
Finance cost                       : 0                  0                 
Share of Profit/(Loss) of 
  Associates                       : 0                  0                 
Share of Profit/(Loss) of
  Jointly Controlled Entities      : 0                  (55)              
Profit/(Loss) after Tax & MI       : 2,283              (1,171)           
% Change over Last Period          : N/A       %
EPS/(LPS)-Basic (in dollars)       : 0.0038             (0.0020)          
         -Diluted (in dollars)     : N/A                N/A               
Extraordinary (ETD) Gain/(Loss)    : N/A                N/A               
Profit/(Loss) after ETD Items      : 2,283              (1,171)           
1st Quarter Dividend               : N/A                N/A
  per Share                                              
(Specify if with other             : N/A                N/A
  options)                                               
                                                         
B/C Dates for 
  1st Quarter 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 : C.F.O.  

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

The principal accounting policies adopted in preparing the Group¡¦s 
unaudited consolidated results conform to accounting principles 
generally accepted in Hong Kong and accounting standards issued by 
the Hong Kong Institute of Certified Public Accountants (¡§HKICPA¡¨) 
and the applicable disclosure provisions of the Rules Governing the 
Listing of Securities on the GEM of the Exchange. The financial 
statements have been prepared under the historical cost convention 
except that certain property and investments in securities are stated 
at fair value.

In 2004, the HKICPA issued a number of new or revised Hong Kong 
Accounting Standards and Hong Kong Financial Reporting Standards 
(¡§the new HKFRSs¡¨) which are effective for accounting periods 
beginning on or after 1st January 2005. The adoption of the new HKFRSs 
had no material impact on the Group¡¦s results of operations and 
financial position.

(2) Earning/(Loss) per share
The calculation of the Group's basic earning per share for the 
three months ended 30th June, 2005 is based on the Group's unaudited 
consolidated profit attributable to shareholders of approximately 
HK$2,283,000 (2004: Loss of HK$1,171,000) and the weighted average 
number of 600,000,000 (2004: 600,000,000) ordinary shares in issue 
during the period.

There were no dilutive potential shares in issue during the periods 
ended 30th June, 2004 and 2005.