Yearly Results announcement form
     
Name of listed company               : Excel Technology International Holdings Limited
     
Stock code                           : 8048
     
Year end date                        : 31st Decemeber 2001
     
Auditors' report :                     Qualified
                                       Modified
                                     X Neither

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
     
                                            (Audited)        ( Audited)
Final Results Announcement                    Current Last Corresponding
                                               Period            Period
                                       from 01/01/2001  from 01/01/2000
                                         to 31/12/2001    to 31/12/2000
                                               HK$'000          HK$'000
     
Turnover                             :         173,111          155,425
Profit/(Loss) from Operations        :         -15,643           31,013
Finance cost                         :          -5,949           -3,158
Share of Profit/(Loss) of Associates :          -1,814           -5,838
Share of Profit/(Loss) of
     Jointly Controlled Entites      :               0                0
Profit/(Loss) after Taxation & MI    :         -84,776           22,720
% Change Over the Last Period        :           N/A %
EPS / (LPS) - Basic                  :     -8.42 cents       2.65 cents
            - Diluted                :     -8.42 cents       2.65 cents
Extraordinary (ETD) Gain/(Loss)      :               0                0
Profit (Loss) after ETD Items        :         -84,776           22,720
Final Dividend per Share             :               0                0
(specify if with other options)      :             N/A              N/A
B/C Dates for Final Dividend         :          N/A to         N/A bdi.
Payable Date                         :             N/A
B/C Dates for AGM/SGM                :          N/A to         N/A bdi.
Other Distribution for Current Period:             NIL
B/C Dates for Other Distribution     :          N/A to         N/A bdi.
                                       (bdi: both days inclusive)
     
                                       For and on behalf of
                                       Excel Technology International Holdings Limited
                           Signature :
                                Name : Zee Chan Mei Chu, Peggy
                               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.
     
Remark:
     
     
1.  Basis of presentation
     
   The Company was incorporated in Bermuda on 21st January, 2000
   with its share listed on the GEM of Stock Exchange on 30th June
   2000.
     
   The financial information presented has been prepared in
   accordance with all applicable Statements of Standard Accounting
   Practice and Interpretations issued by the Hong Kong Society of
   Accountants and the disclosure requirements of the Hong Kong
   Hong Kong Companies Ordinance.  This financial information also
   complies with the applicable disclosure requirements of the GEM
   Listing Rules of the Stock Exchange.
     
     
   All significant intra-group transactions and balances have been
   eliminated on consolidation.
     
2.  Turnover
     
   The principal activities of the Group are the development, sales
   and implementation of enterprise software.
     
   Turnover represents income from complementary computer hardware
   and software sales and computer services (including the ASP
   business) rendered to customers during the year, net of returns
   and discounts allowed, after eliminating intra-group
   transactions.
     
3. (Loss)/earnings per share
     
   The calculation of basic (loss)/earnings per share is based on
   the loss attributable to shareholders of HK$84,776,000 (2000:
   profit of HK$22,720,000) and the weighted average number of
   1,007,425,135 shares (2000: 858,557,892 shares).
     
   Diluted (loss)/earnings per share for the year ended 31st
   December, 2001 and 2000 is the same as the basic (loss)/
   earnings per share because there was no dilutive effect in
   existence during the respective years.