Apollo Future Mobility Group Limited — Earnings Release 2003

Jan 20, 2004

Listed Company Information

MING FUNG JEWEL<00860> - Results Announcement Ming Fung Jewellery Group Limited announced on 20/01/2004: (stock code: 00860 ) Year end date: 30/09/2003 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/10/2002 from 01/10/2001 to 30/09/2003 to 30/09/2002 Note ('000 ) ('000 ) Turnover : 259,563 267,158 Profit/(Loss) from Operations : 40,752 48,649 Finance cost : (1,274) (532) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : 31,849 40,327 % Change over Last Period : -21 % EPS/(LPS)-Basic (in dollars) : 0.049 0.076 -Diluted (in dollars) : 0.048 N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 31,849 40,327 Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: (1) Basis of presentation The consolidated financial statements for the year ended 30 September 2003 include the financial statements of the Company and its subsidiaries for the year ended 30 September 2003. The consolidated financial statements for the year ended 30 September 2002 have been prepared using the merger basis of accounting as a result of the group reorganisation as set out in the Company's prospectus dated 22 August 2002. Under this basis, the Company has been treated as the holding company of its subsidiaries for the financial years presented, rather than from the date of its acquisition of the subsidiaries. Accordingly, the consolidated results and cash flows of the Group for the year ended 30 September 2002 include the results and cash flows of the Company and its subsidiaries with effect from 1 October 2001 or since their respective dates of incorporation/establishment, whichever is a shorter period. All significant intercompany transactions and balances within the Group are eliminated on consolidation. (2.) Earnings per share The calculation of basic earnings per share is based on the Group's net profit from ordinary activities attributable to shareholders for the year of approximately HK$31,849,000 (2002: HK$40,327,000) and the weighted average number of 650,000,000 (2002: 531,397,260) ordinary shares in issue during the year. The calculation of diluted earnings per share for the year ended 30 September 2003 is based on the Group's net profit from ordinary activities attributable to shareholders for the year of approximately HK$31,849,000 and the weighted average number of 660,472,537 ordinary shares in issue during the year. The weighted average number of ordinary shares used to calculate the diluted earnings per share comprises the weighted average number of 650,000,000 ordinary shares in issue during the year and the weighted average number of 10,472,537 ordinary shares deemed to be issued at no consideration on exercise of all outstanding share options. There were no potential dilutive ordinary shares in existence for the year ended 30 September 2002 and, accordingly, no diluted earnings per share has been presented . (3.) Dividends No interim dividend was declared and paid for the year ended 30 September 2003 (2002: Nil). No final dividend was proposed for the year ended 30 September 2003 (2002: Nil).