3SBio Inc. — Interim / Quarterly Report 2000

Jul 27, 2000

Listed Company Information

HKCB BANK<0655> - Results Announcement The HKCB Bank Holding Company Limited announced on 27/7/2000: (stock code: 655) Year end date: 31/12/2000 Currency: HK$ (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/1/2000 from 1/1/1999 to 30/6/2000 to 30/6/1999 ('000) ('000) Turnover - Continuing : 849,985 897,554 - Discontinued : - - Operating Profit - Continuing : 276,026 16,976 - Discontinued : - - Total Operating Profit : 276,026 16,976 Share of Profit of Associated Companies : 3,159 14,193 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit after Tax & MI : 268,233 15,399 % Change over Last Period : +1,642% EPS-Basic : 19.9 cents 1.1 cents -Diluted : 19.8 cents 1.1 cents Extraordinary (ETD) Gain/(Loss) : - - Profit after ETD Items : 268,233 15,399 Interim Dividend per Share : 1.75 cents Nil (Specify if with other options) : - - B/C Dates for Interim Dividend : 18/8/2000 to 25/8/2000 bdi. Payable Date : 6/9/2000 B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : None B/C Dates for Other Distribution : N/A Remarks: (1) Operating profit - Continuing Included in operating profit for the six months ended 30 June 2000 are the following: (a) a profit of approximately HK$161 million arising from the disposal of investment in CRC Protective Life Insurance Company Limited, a former associate which was 50% owned by the Group. The total profit expected from this disposal is in the region of HK$180 million. The remaining HK$19 million of expected profit is deferred for recognition in the second half of 2000 after finalisation of the adjustments required to be made to the sale consideration for the disposal in accordance with the underlying contractual arrangements; and (b) an unrealised gain of approximately HK$54 million arising from the Group's investment in the listed shares of the Hong Kong Exchanges and Clearing Limited ("HKEx"). As part of the Group's securities and commodity brokerage businesses, the Group held seats in the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange. In accordance with the schemes of demutualisation and merger of these exchanges implemented during the period, the Group was given trading rights in these exchanges as well as listed shares in HKEx in exchange for the exchange seats it previously held. The listed shares in HKEx are classified as "Other investments" in accordance with the Group's accounting polices and were marked to their market value as at 30 June 2000, as a result of which the above-mentioned unrealised gain arose. 2. Basis of calculation for earnings per share The calculation of basic earnings per share is based on the profit attributable to shareholders for the period of HK$268,233,000 (1999: HK$15,399,000) and on the weighted average number of 1,349,962,000 shares (1999: 1,346,337,000 shares) in issue during the period. The calculation of diluted earnings per share is based on earnings of HK$268,233,000 (1999: HK$ 15,399,000) and on the weighted average number of 1,351,686,000 shares (1,383,017,000 shares) outstanding during the first half year, adjusted for the effects of all dilutive potential shares.