Quarterly Results announcement form
     
Name of listed company                  :Excel Technology International Holdings Limited
     
Stock code                              :8048
     
Year end date                           :31st December, 2002
     
Auditors' report                        :   Modified
                                            Qualified
                                            Unqualified
                                          X N/A
     
     
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
     
Currency: HK$'000
                                          (Unaudited)       (Unaudited)
Quarterly Results Announcement                Current              Last 
                                                          Corresponding
                                               Period            Period
                                        from 1-1-2002     from 1-1-2001
                                         to 30-6-2002      to 30-6-2001
                                              HK$'000           HK$'000
     
Turnover                             :         75,788            80,590
Profit/(Loss) from Operations        :        -13,747            11,677
Finance cost                         :         -3,095            -2,363
Share of Profit/(Loss) of Associates :          1,456            -1,350
Share of Profit/(Loss) of
     Jointly Controlled Entites      :              0                 0
Profit/(Loss) after Taxation & MI    :        -15,761             7,899
% Change Over the Last Period        :          N/A %
EPS / (LPS) - Basic                  :    -1.60 cents         0.79 cent
            - Diluted                :    -1.60 cents         0.79 cent
Extraordinary (ETD) Gain/(Loss)      :              0                 0
Profit (Loss) after ETD Items        :        -15,761             7,899
2nd Q Dividend per Share             :              0                 0
(specify if with other options)      :            N/A               N/A
B/C Dates for 2nd Q 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:               N/A
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      :                 Chan Yee Wah
                           Title     :              Company Secretary
     
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
     
   Excel Technology International Holdings Limited ("the Company")
   was incorporated in Bermuda on 21st January, 2000 with its 
   shares listed on the Growth Enterprise Market ("GEM") of The
   Hong Kong Stock Exchange Limited on 30th June, 2000.
     
   The unaudited financial information presented has been
   prepared in accordance with the requirements of the GEM
   Listing Rules, including compliance with Statement of Standard
   Accounting Practice 25 "Interim Financial Reporting" issued
   by the Hong Kong Society of Accountants.
     
   All significant intra-group transactions and balances have 
   been eliminated on consolidation.
     
2. Turnover
     
   Turnover represents the sale of enterprise software products,
   provision of customization, consulting & system integration
   services, complementary computer hardware and software resale,
   maintenance services and ASP software subscriptions.
     
3. Finance costs
     
   Finance costs mainly represents interest costs on convertible
   notes issued by the Company.
     
4. (Loss) / earnings per share
     
   The calculation of basic loss per share for the six months
   ended 30th June 2002 is based on the loss attributable to 
   shareholders of approximately HK$15,761,000 (2001: Profit
   HK$ 7,899,000) and the weighted average number of 985,050,000
   shares (2001: 1,000,000,000 shares) in issue during the period.
 
   Diluted (loss)/earnings per share for the periods ended 30th
   June 2002 and 2001 are the same as the basic (loss) / earnings
   per share because there was no dilutive effect in existence
   during the respective periods.