Highlights:

• Turnover for the year increased by 2.1% to HK$390.6 million.
• Net profit increased from HK$25.8 million for the last year to HK$31.2 million, representing a growth of 20.8%.
• Strong cash position is evidenced by net cash of HK$137.4 million as at 31 March 2006. „«
• Earnings per share increased to 9.4 HK cents as compared to 7.8 HK cents for the last year.
• Proposed final dividend is 4.5 HK cents per share which, together with the interim dividend of 2.5 HK cents per share already paid, adds up to a total dividend of 7.0 HK cents for the year.

( Hong Kong, 13 July 2006) ¡V Synergis Holdings Limited ("Synergis" / the "Group") (stock code: 02340), a leading provider of comprehensive property and facility management services in Hong Kong, today announced its annual results for the year ended 31 March 2006.

The market conditions for the year remained highly competitive. By adhering to Synergis' corporate values and "total solutions" approach in delivering its services, the Group continued to win the trust and confidence from customers. Turnover increased by 2.1% to HK$390.6 million and gross profit remained steady at a level closed to HK$80.0 million. Profit attributable to shareholders was HK$31.2 million, which was 20.8% more than that achieved in the previous year. Return on shareholders' funds and earnings per share were 19.3% (2005: 16.9%) and 9.4 HK cents (2005: 7.8 HK cents) respectively.

Professor Woo Chia-Wei, Non-executive Chairman of Synergis , said, 'With a well established service platform which could be readily tailored to meet the high standard requirements and expectations of The Link's management, tenants and customers, the Group has been awarded two management contracts by The Link. These contracts are in the key markets of Hong Kong Island and Kowloon. In addition, the Group has been awarded a Property Service Contract of Batch 3/2005 by the Hong Kong Housing Authority. These new contracts will greatly enhance our market penetration in Hong Kong and provide even greater opportunities to demonstrate our capabilities.'

'In the mainland of China, Synergis Shui On Property Management ( Shanghai) Co., Ltd. ("Synergis Shui On") has commenced facility management services to Chuangzhi Tiandi, a new trend-setting development of Shui On Land Ltd. ("Shui On Land") in Shanghai's Yangpu District. Our business and operational accomplishments in Shanghai and Beijing provide the Group with further opportunities for expansion in the Mainland as evidenced by the successful establishment of the Group's joint venture with Beijing GoldenNet Property Management Co. Limited. This new joint venture currently provides pre-management services to the developer's latest concept development ¡V A-Z Town, the first HOPSCA (hotels/ offices/ parking/ shopping/ conventions/ apartments) design concept complex in Beijing's Central Business District.' Professor Woo added.

Commenting on the business operations, Mr. C.H. Fan, Managing Director of Synergis , said, 'Despite the highly competitive market conditions, the Group has progressively expanded its business in both Hong Kong and the Mainland by adhering to its corporate values and "total solutions" approach in delivering its services.'

'In the past year, Synergis was successful in implementing its diversification strategy by leveraging its management infrastructure and investment in information technology ("IT") to secure a number of new contracts for a wide range of properties, including commercial and industrial developments, and academic, cultural and sports facilities.'

'Synergis continued to build its brand presence in the Mainland of China and achieved a number of major milestones. Synergis Shui On Property Management ( Shanghai) Co., Ltd. ("Synergis Shui On") has commenced facility management services to Chuangzhi Tiandi, a new trend-setting development of Shui On Land Ltd. ("Shui On Land") in Shanghai's Yangpu District. Apart from the KIC projects, Synergis Shui On also took up the pre-management work for the Lakeville Regency, a premier residential development of Shui On Land, in January 2006. In Beijing, our management team has commenced providing professional and quality property and facility management services to the owners and tenants of Xihuan Plaza.'

'Our business and operational accomplishments in Shanghai and Beijing provide the Group with further opportunities for expansion in the Mainland as evidenced by the successful establishment of the Group's joint venture with Beijing GoldenNet Property Management Co., Ltd., a company associated with Beijing Capital Land Ltd. This new joint venture currently provides pre-management services to the developer's latest concept development ¡V A-Z Town, the first HOPSCA (hotels/ offices/ parking/ shopping/ conventions/ apartments) design concept complex in Beijing's Central Business District.'

'With an established business platform, our institutional knowledge of the peculiarities of the Mainland market and the operational intricacies of providing property and facilities management services, our wholly-owned foreign enterprise in Shenzhen secured contracts to provide consulting and management services to other renowned developers. Synergis has started providing management services to Novel Garden Phase 1 & 2, a luxurious house-type residential property with over 127,760 sq. m. located in Xujiahui. In addition, the Group successfully secured a property management consultancy contract for a luxurious residential development, Elite Plaza, with 97,600 sq. m. in the consulate area of Qingdao, Shangdao.'