e-KONG Announces Final Results

HONG KONG, April 10, 2003 - e-KONG Group Limited (HKSE: 524) ("e-KONG " or the "Company", and together with its subsidiaries, the "Group"), today announced its final results for the year ended December 31, 2002. The Group's turnover for the year increased by 20.0% to HK$316.7 million compared with HK$263.9 million in 2001. The Group's ZONE telecommunications business continues to be the core revenue driver contributing 94.2% towards the Group's total revenue for 2002.

The Group's EBITDA (earnings before interest, taxation, depreciation and amortisation) loss in 2002 was reduced to HK$109.1 million, from HK$218.2 million in 2001. The operating loss for the year was HK$156.0 million compared with HK$252.8 million for the previous year. Consolidated net loss attributable to shareholders declined to HK$186.3 million from HK$681.3 million.

Improvement in the Group's operating results for 2002 compared to the previous year was achieved through sustained growth of the ZONE business in the United States, Hong Kong and Singapore, combined with prudent financial control and operational efficiencies. Revenue from the ZONE business increased by 33.2% to HK$298.5 million compared to HK$224.2 million for the previous year. Operating loss for ZONE reduced from HK$163.4 million in 2001 to HK$103.5 million in 2002.

ZONE US's operating results continue to improve. The revenue grew by 56.3% increasing to HK$177.5 million while operating losses in 2002 was reduced to $81.7 million, from HK$96.9 million in 2001. Its ZoneLD service targeted at residential customers and small businesses continued to increase its subscriber base mainly as a result of customers acquired through its on-line partners. Continued growth is expected to be derived mainly from the ZoneCMS service which is targeted at the enterprise and corporate customers.

ZONE Hong Kong and ZONE Singapore delivered on their goal of achieving a positive EBITDA in 2002 while operating in a competitive environment.

Improvements in the operating result for ZONE Hong Kong was achieved through increase in operating gross margins, reduction in customer churn and further operational efficiency gains. Looking ahead, ZONE Hong Kong will continue to improve its business performance through targeted sales and marketing initiatives, regular customer retention programs and the introduction of value- added services including fax to e-mail, international call forwarding, short messaging services (SMS) and calling card products aimed at niche markets.

ZONE Singapore achieved sustained growth in its customer base and revenue despite intense competition. ZONE Singapore was successful in securing arrangements with key carrier partners to provide high quality service at competitive price. This has resulted in an increase in the gross margin and has also enabled ZONE Singapore to competitively price its services to the business segment of the market.

Despite extremely competitive and difficult economic market conditions the Group has managed to record continuous revenue growth and steady improvements to its operating results in 2002. The key business focus in 2003 would be to continue its revenue growth while keeping tight financial and operational discipline with the objective of achieving a positive EBITDA for the Group.

-- ENDS --

About e-KONG Group Limited

e-KONG Group Limited is listed on the main board of the Hong Kong Stock Exchange (HKSE:524) and its principal operating subsidiaries are in the business of providing innovative telecommunications services. , The Company's key business ZONE provides a unique telecommunications service offering for the International Direct Dialling (IDD) and Domestic Long Distance (DLD) related markets. ZONE's patented web-enabled technology allows customers access to an unrivalled choice of telecom service providers while empowering them with tools to effectively and efficiently manage their telecommunications needs.

For further information on e-KONG Group, please visit: www.e-kong.com

Please note: The correct form for the Company name is as follows: e-KONG (Lower-case "e" followed by a hyphen and upper-case KONG.)

For more details contact:

Investor Relations	Media
Mr. S.G. Lim	Ms. Judy Leung
Tel: 852 2296 9770	Tel: 852 2296 9779
Fax: 852 3101 0194	Fax: 852 2492 7116
E-mail: invrel@e-kong.net	E-mail: judy@e-kong.net

Web site addresses : -

e-KONG : www.e-kong.com

ZONE US : www.ZoneLD.com / www.ZoneCMS.com
ZONE Hong Kong : www.zone1511.com
ZONE Singapore : www.zone1511.com.sg