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ECO-TEK HOLDINGS LIMITED

(incorporated in the Cayman Islands with limited liability)
(Stock code: 8169)
THIRD QUARTERLY RESULTS ANNOUNCEMENT

For the nine months ended 31 July 2007
CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE
STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”)
GEM has been established as a market designed to accommodate companies to which a high
investment risk may be attached. In particular, companies may list on GEM with neither a
track record of profitability nor any obligation to forecast future profitability. Furthermore,
there may be risks arising out of the emerging nature of companies listed on GEM and the
business sectors or countries in which the companies operate. Prospective investors should be
aware of the potential risks of investing in such companies and should make the decision to
invest only after due and careful consideration. The greater risk profile and other characteristics
of GEM mean that it is a market more suited to professional and other sophisticated investors.
Given the emerging nature of companies listed on GEM, there is a risk that securities traded
on GEM may be more susceptible to high market volatility than securities traded on the Main
Board and no assurance is given that there will be a liquid market in the securities traded on
GEM.

The principal means of information dissemination on GEM is publication on the Internet
website operated by the Stock Exchange. Listed companies are not generally required to issue
paid announcements in gazetted newspapers. Accordingly, prospective investors should note
that they need to have access to the GEM website in order to obtain up-to-date information on
GEM-listed issuers.

This announcement, for which the directors (the “Directors”) of Eco-Tek Holdings Limited (the
“Company”) collectively and individually accept responsibility, includes particulars given in
compliance with the Rules Governing the Listing of Securities on GEM (the “GEM Listing Rules”)
for the purpose of giving information with regard to the Company. The Directors, having made all
reasonable enquiries, confirm that, to the best of their knowledge and belief (1) the information
contained in this announcement is accurate and complete in all material respects and not misleading:
(2) there are no other matters the omission of which would make any statement in this announcement
misleading: and (3) all opinions expressed in this announcement have been arrived at after due and
careful consideration and are founded on bases and assumptions that are fair and reasonable.
for identification purpose only

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SUMMARY

• Turnover for the three months and nine months ended 31 July 2007 amounted to HK$34.4
million (2006: HK$24.4 million) and HK$88.5 million (2006: HK$69.6 million),
representing an increase of 41% and 27% respectively as compared with the same periods
last year.
• Profit attributable to equity holders of the Company for the three months and nine
months ended 31 July 2007 amounted to HK$4.1 million (2006: HK$3.7 million) and
HK$9.7 million (2006: HK$10.3 million), representing an increase of 11% and a decrease
of 6% respectively as compared with last corresponding periods.
• Basic and diluted earnings per share for the three months ended 31 July 2007 amounted
to HK0.63 cent (2006: HK0.56 cent) and HK0.62 cent (2006: N/A) respectively.
• Basic and diluted earnings per share for the nine months ended 31 July 2007 amounted
to HK1.49 cent (2006: HK1.61 cents) and HK1.49 cent (2006: HK1.40 cents) respectively.

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UNAUDITED RESULTS

The board of Directors (the “Board”) of Eco-Tek Holdings Limited (the “Company”) is pleased to
announce the following unaudited consolidated results of the Company and its subsidiaries (the
“Group”) for the three months and nine months ended 31 July 2007 together with the comparative
figures for the corresponding periods in the last financial year.
CONSOLIDATED INCOME STATEMENT (UNAUDITED)
Three months Nine months
ended 31 July ended 31 July
2007 2006 2007 2006

Notes HK$’000 HK$’000 HK$’000 HK$’000
REVENUE 3 34,391 24,393 88,510 69,615

Cost of sales (26,998) (17,030) (69,122) (48,199)
Gross profit 7,393 7,363 19,388 21,416
Other income 502 132 981 457
Selling expenses (641) (508) (2,414) (2,172)
Administrative expenses (4,275) (4,052) (10,727) (11,185)
Other operating income 390 381 1,151 756
PROFIT FROM OPERATIONS 3,369 3,316 8,379 9,272

Finance costs – (307) – (428)
Share of profit (loss) of
a jointly controlled entity 38 (115) 71 (210)
PROFIT BEFORE TAXATION 3,407 2,894 8,450 8,634

Taxation 4 (87) (256) (171) (357)
PROFIT FOR THE PERIOD 3,320 2,638 8,279 8,277

Attributable to:
Equity holders of the Company 4,061 3,664 9,653 10,299
Minority interest (741) (1,026) (1,374) (2,022)
Profit for the period 3,320 2,638 8,279 8,277
Dividends 5 – – – –
EARNINGS PER SHARE: 6
– Basic HK0.63 cent HK0.56 cent HK1.49 cent HK1.61 cent
– Diluted HK0.62 cent N/A HK1.49 cent HK1.40 cent

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NOTES:
1. Basis of preparation
The Group’s unaudited quarterly results have been prepared in accordance with accounting principles generally
accepted in Hong Kong and comply with Hong Kong Financial Reporting standards issued by the Hong Kong
Institute of Certified Public Accountants and the disclosure requirements set out in Chapter 18 of the Rules
Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange (the “GEM Listing
Rules”).
The unaudited quarterly results should be read in conjunction with the audited financial statements and notes
thereto for the year ended 31 October 2006.
2. Principal accounting policies
The unaudited condensed financial statements for the three months and nine months ended 31 July 2007 are
prepared under the historical cost convention and the accounting policies used in the preparation of the unaudited
consolidated results are consistent with those used in the 2006 Annual Financial Statements. The condensed
consolidated accounts have not been audited by the Company’s auditors, but have been reviewed by the
Company’s audit committee.
3. Revenue
Revenue, which is the Group’s turnover, represents the net invoiced value of goods sold, after allowances for
returns and trade discounts.
4. Taxation
Three months Nine months
ended 31 July ended 31 July
2007 2006 2007 2006

HK$’000 HK$’000 HK$’000 HK$’000
Current:
Elsewhere 19 188 89 224
Deferred 68 68 82 133
Total tax charge for the period 87 256 171 357
Taxes on profits assessable elsewhere have been calculated at the applicable rates of tax prevailing in the
jurisdictions in which the Group operates, based on existing legislation, interpretations and practices in respect
thereof.
At 31 July 2007, there was no significant unrecognised deferred tax liability (31 October 2006: nil) for taxes
that would be payable on the unremitted earnings of certain of the Group’s subsidiaries.
5. Dividends
The Board does not recommend the payment of an interim dividend for the nine months ended 31 July 2007
(nine months ended 31 July 2006: nil).
6. Earnings per share
The earnings per share amount for the three months ended 31 July 2007 is calculated based on the unaudited
consolidated profit attributable to equity holders of the Company for the period of HK$4,061,000 (three months
ended 31 July 2006: HK$3,664,000) and the weighted average of 649,540,000 (three months ended 31 July
2006: 649,540,000) ordinary shares in issue during the period.
The earnings per share amount for the nine months ended 31 July 2007 is calculated based on the unaudited
consolidated profit attributable to equity holders of the Company for the period of HK$9,653,000 (nine months
ended 31 July 2006: HK$10,299,000) and the weighted average of 649,540,000 (nine months ended 31 July
2006: 641,861,000) ordinary shares in issue during the period.

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Diluted earnings per share for the three months period ended 31 July 2006 is not disclosed as there was no
dilutive potential ordinary shares. The calculation of the diluted earnings per share for the three months ended
31 July 2007 is based on the unaudited consolidated profit attributable to equity holders of the Company for the
period of HK$4,061,000 and 650,239,142 ordinary shares, being the 649,540,000 ordinary shares as used in the
calculation of basic earnings per share, and the weighted average of 699,142 ordinary shares assumed to have
been issued on the deemed exercise of the share options under the share option scheme.
The calculation of the diluted earnings per share for the nine months ended 31 July 2007 is based on the
unaudited consolidated profit attributable to equity holders of the Company for the period of HK$9,653,000
(nine months ended 31 July 2006: HK$10,299,000) and 649,732,308 (nine months ended 31 July 2006:
738,167,000) ordinary shares, being the 649,540,000 (nine months ended 31 July 2006: 641,861,000) ordinary
shares as used in the calculation of basic earnings per share, and the weighted average of 192,308 (nine months
ended 31 July 2006: 96,306,000) ordinary shares assumed to have been issued on the deemed exercise of the
share options under the share option scheme.
7. Movement of reserves
Share Proposed
Share Capital Retained Exchange option final Minority Total
premium reserve profits reserve reserve dividend Total interest equity
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
At 1 November 2005 19,586 95 45,845 138 – 3,248 68,912 – 68,912
Purchase of subsidiary – – – – – – – 3,611 3,611
Other contribution by
minority interest – – – – – – – (131) (131)
Exchange difference – – – (335) – – (335) – (335)
2005 final dividend declared – – – – – (3,248) (3,248) – (3,248)
Profit for the period – – 10,299 – – – 10,299 (2,022) 8,277
At 31 July 2006 19,586 95 56,144 (197) – – 75,628 1,458 77,086
At 1 November 2006 19,586 95 55,641 1,687 – 3,248 80,257 555 80,812
Employee share-based
compensation benefit – – – –33 –3 –33
Other contribution by
minority interest – – – – – – – 27,548 27,548
Exchange difference – – – (126) – – (126) – (126)
2006 final dividend declared – – – – – (3,248) (3,248) – (3,248)
Profit for the period – – 9,653 – – – 9,653 (1,374) 8,279
At 31 July 2007 19,586 95 65,294 1,561 33 – 86,569 26,729 113,298

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MANAGEMENT DISCUSSION AND ANALYSIS

Financial review
For the nine months ended 31 July 2007, the Group recorded an increase in turnover of approximately
27.1% from HK$69.6 million to HK$88.5 million. Profits attributable to equity holders of the
Company amounted to approximately HK$9.7 million (2006: HK$10.3 million), represented a
decrease of around 6% to that of the last corresponding period.
In this review period, the Group intensified its marketing works in the promotion of its industrial
environmental protection related products especially to those customers in both the marine and
construction industries. These marketing works was rewarded by the substantial increase of 59.3%
in the amount of revenue generated from this segment.
Gross profits for the nine months ended 31 July 2007 amounted to approximately HK$19.4 million,
representing a decrease of approximately 9.5%. The reduction in gross profits ratios from last
corresponding period’s 30.8% to current period’s 21.9% was due to the change in the product mix.
In last corresponding period, around 20.7% revenue was generated from general environmental
protection related products which has a much higher gross profits margins while in current review
period, with the completion of the tenders from the Environmental Protection Department (“EPD”)
in August 2006, most of the revenue was generated from industrial environmental protection related
products.
Administrative expenses for the nine months ended 31 July 2007 decreased by approximately 4.1%
from HK$11.2 million to HK$10.7 million. The Group was engaged in the application for the
Proposed Listing on the Main Board of the Stock Exchange of Hong Kong Limited in 2006 and
such application has increased the professional costs in 2006.
Business review and prospects
The Group is continuously involved in the marketing, sales, servicing, research and development of
environmental protection and quality health related products and services.
In this review period, the construction works of the water supply plant in Tianjin has been completed.
The plant has daily purification capacity of 50,000 tonnes. With the exclusive right to supply
processed water and the rapid economic development of the region, the management expects that
the plant can contribute stable and increasing revenue to the Group.
For industrial environmental protection related products, the Group will continue to promote the
“Direct Drive Pump”, which can save 80% of the electricity consumed by industrial machines. With
an increase in public awareness regarding environmental protection, the management believes that
such energy saving devices will be well received by customers.
For the Joint Venture in the Jiangsu Province, it is mainly engaged in the promotion and installation
of the automatic surveillance systems for the end users to monitor their water pollution status and in
providing environmental protection consultancy services in the region.
Management will continue its efforts in enlarging the Group’s revenue bases. With the continuous
increase in revenue generated from the sales of industrial environmental protection products,
additional revenue generated from both the water supply plant in Tianjin and the Joint Venture in
Jiangsu, the reduction of revenue due to the completion of the EPD tender will be compensated.
Also, the Group will continue its preparation works for the possible new tender launched by the
EPD in the future.

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DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS AND SHORT POSITIONS IN
SHARES, UNDERLYING SHARES AND DEBENTURES

As at 31 July 2007, the interests and short positions of the Directors and chief executive of the
Company in the shares, underlying shares and debentures of the Company or any of its associated
corporations (within the meaning of Part XV of the Securities and Futures Ordinance (“SFO”)),
which were notified to the Company and the Stock Exchange of Hong Kong Limited (the “Stock
Exchange”) pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests or short
positions which they were taken or deemed to have under such provisions of the SFO), or which
were recorded in the register required to be kept by the Company pursuant to Section 352 of the
SFO, or which were required, pursuant to Rules 5.46 to 5.68 of the GEM Listing Rules, to be
notified to the Company and the Stock Exchange, were as follows:
Long positions in ordinary shares of the Company
Number of shares held, capacity and nature of interest
Percentage of the
Company’s issued
Capacity and Number of ordinary share capital as at
Name nature of interest shares held 31 July 2007
Executive Director
Mr. SHAH Tahir Hussain Directly beneficially 14,372,800 2.2
owned
Chief Executive Officer
Dr. PAU Kwok Ping (Note) Through a discretionary 44,224,000 6.8
trust
58,596,800 9.0

Note:
The shares are held by Crayne Company Limited, a company wholly-owned by ING Trust Company
(Jersey) Limited as trustee of the Crayne Trust which is a discretionary trust founded by Dr. PAU
Kwok Ping.

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Interest in underlying shares of the Company
Pursuant to a share option scheme (the “Scheme”) adopted by the Company on 21 November 2001,
the Company had granted share options on the Company’s ordinary shares to the independent non-
executive Directors. Details of share options to subscribe for shares in the Company granted to the
independents non-executive Directors as at 31 July 2007 were as follows:
Number of Number of
options Number of options
outstanding options outstanding
as at granted as at Exercise
1 November during 31 July price
Name Date of grant 2006 the period 2007 per share
HK$
Independent Non-Executive Directors
Ms. CHAN Siu Ping Rosa 2/4/2007 – 500,000 500,000 0.235
Mr. TAKEUCHI Yutaka 2/4/2007 – 500,000 500,000 0.235
Professor NI Jun 2/4/2007 – 500,000 500,000 0.235
Ms. HUI Wai Man Shirley 2/4/2007 – 500,000 500,000 0.235
– 2,000,000 2,000,000
Aggregate long position in ordinary shares and underlying shares of the Company
Number Percentage
of options of the
Total held and Company’s
number outstanding issued share
of ordinary as at Aggregate capital as at
Name shares held 31 July 2007 in number 31 July 2007
Executive Director
Mr. SHAH Tahir Hussain 14,372,800 – 14,372,800 2.21
Independent Non-Executive Directors
Ms. CHAN Siu Ping Rosa – 500,000 500,000 0.08
Mr. TAKEUCHI Yutaka – 500,000 500,000 0.08
Professor NI Jun – 500,000 500,000 0.08
Ms. HUI Wai Man Shirley – 500,000 500,000 0.08
Chief Executive
Dr. Pau Kwok Ping 44,224,000 – 44,224,000 6.81
58,596,800 2,000,000 60,596,800 9.34

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Save as disclosed above, as at 31 July 2007, none of the Directors and chief executives of the
Company had any interests or short positions in any shares, underlying shares and debentures of the
Company or any of its associated corporations (within the meaning of Part XV of the SFO) which
would have to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of
Part XV of the SFO (including interests or short positions which they were taken or deemed to have
under such provisions of the SFO), or which were recorded in the register required to be kept by the
Company pursuant to Section 352 of the SFO, or which were required, pursuant to Rules 5.46 to
5.68 of the GEM Listing Rules, to be notified to the Company and the Stock Exchange.
SUBSTANTIAL SHAREHOLDERS’ INTERESTS AND OTHER PERSONS’ INTERESTS AND
SHORT POSITIONS IN SHARES AND UNDERLYING SHARES

So far as is known to the Directors or chief executives of the Company, as at 31 July 2007, the
following persons (other than a Director or chief executive of the Company) had, or were deemed
or taken to have interests or short positions in the shares or underlying shares of the Company
which would fall to be disclosed to the Company and the Stock Exchange under the provisions of
Divisions 2 and 3 of Part XV of the SFO or, which were recorded in the register required to be kept
by the Company under Section 336 of the SFO were as follows:
Long positions
Percentage of the
Number of Company’s issued
Capacity and nature ordinary share capital as at
Name of interest shares held 31 July 2007
Substantial shareholders
Cititrust (Cayman) Through a unit trust and 344,621,200 53.06
Limited (Note 1) controlled corporation
Wide Sky Management Through a controlled 344,621,200 53.06
Limited (Note 1) corporation
Team Drive Limited (Note 1) Directly beneficially 344,621,200 53.06
owned
The Hong Kong Polytechnic Through a controlled 70,440,800 10.84
University (Note 2) corporation
PolyU Enterprise Limited Through a controlled 70,440,800 10.84
(Note 2) corporation
Advance New Technology Directly beneficially 70,440,800 10.84
Limited (Note 2) owned
ING Trust Company (Jersey) Through a controlled 44,224,000 6.81
Limited (Note 3) corporation
Crayne Company Limited Directly beneficially 44,224,000 6.81
(Note 3) owned
Other shareholder
Mr. LEE Wai Man Directly beneficially 35,620,000 5.48
owned

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Notes:
1. These shares are held by Team Drive Limited which is wholly-owned by Wide Sky Management Limited, being
the trustee of a unit trust of which the entire issued units are held by Cititrust (Cayman) Limited. By virtue of
the SFO, Wide Sky Management Limited and Cititrust (Cayman) Limited are deemed to be interested in all the
shares held by Team Drive Limited.
2. Advance New Technology Limited is a wholly-owned subsidiary of PolyU Enterprise Limited, which is wholly
owned by The Hong Kong Polytechnic University (“PolyU”). By virtue of its interest in Advance New Technology
Limited, PolyU and PolyU Enterprise Limited are deemed to be interested in all the shares of the Company held
by Advance New Technology Limited.
3. The shares are held by Crayne Company Limited, a company wholly-owned by ING Trust Company (Jersey)
Limited as trustee of the Crayne Trust which is a discretionary trust founded by Dr. PAU Kwok Ping.
Save as disclosed above, as at 31 July 2007, so far as is known to the Directors or chief executives
of the Company, no other persons (other than a Director or chief executive of the Company) had
interests or short positions in the shares or underlying shares of the Company which would fall to
be disclosed to the Company and the Stock Exchange under the provisions of Divisions 2 and 3 of
Part XV of the SFO or, who was interested in 5% or more of the nominal value of any class of share
capital carrying rights to vote in all circumstances at general meetings of any other member of the
Group, or any options in respect of such capital.
PURCHASE, REDEMPTION OR SALE OF LISTED SECURITIES OF THE COMPANY

Neither the Company, nor any of its subsidiaries purchased or sold any of the Company’s listed
securities during the nine months ended 31 July 2007. The Company has not redeemed any of its
listed securities during the period under review.
COMPETITION AND CONFLICT OF INTEREST

None of the directors, the management shareholders or substantial shareholders of the Company or
any of their respective associates has engaged in any business that competes or may compete, either
directly or indirectly, with the businesses of the Group, as defined in the GEM Listing Rules, or has
any other conflict of interests with the Group during the nine months ended 31 July 2007.
AUDIT COMMITTEE

The Company established an audit committee on 5 December 2001 with written terms of reference
in compliance with Rules 5.28 and 5.33 of the GEM Listing Rules. The primary duties of the audit
committee are to review and supervise the financial reporting process and internal controls system
of the Group. The audit committee comprises four members, Ms. HUI Wai Man Shirley, Ms.
CHAN Siu Ping Rosa, Mr. TAKEUCHI Yutaka and Professor NI Jun, who are the independent non-
executive directors of the Company.
The Group’s unaudited results for the three months and nine months ended 31 July 2007 have been
reviewed by the audit committee, which was of the opinion that the preparation of such results
complied with the applicable accounting standards and requirements and that adequate disclosures
have been made.

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As at the date of this report, the directors of the Company are as follows:
Executive directors:
Mr. Shah Tahir Hussain
Mr. Han Ka Lun
Mr. Ng Chi Fai
Non-executive directors:
Dr. Lui Sun Wing
Mr. Young Meng Cheung Andrew
Independent non-executive directors:
Ms. Chan Siu Ping Rosa
Mr. Takeuchi Yutaka
Professor Ni Jun
Ms. Hui Wai Man Shirley
By Order of the Board
Eco-Tek Holdings Limited
Shah Tahir Hussain
Chairman
Hong Kong, 14 September 2007
This announcement will remain on the GEM website at http://www.hkgem.com on the “Latest
Company Announcements” page for at least 7 days from the date of its posting.