CPM Group Limited — Earnings Release 2000

Aug 17, 2000

Listed Company Information

UBA INVESTMENTS<0768> - Results Announcement UBA Investments Limited announced on 17/8/2000: (stock code: 768) Year end date: 31/3/2000 Currency: HK$ (Audited) Current Period from 8/6/1999 to 31/3/2000 Turnover - Continuing : 29,594,909 - Discontinued : N/A Operating Profit/(Loss) - Continuing : 17,383,601 - Discontinued : N/A Total Operating Profit/(Loss) : 17,383,601 Share of Profit/(Loss) of Associated Companies : N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A Profit/(Loss) after Tax & MI : 14,741,601 % Change over Last Period : N/A EPS/(LPS)-Basic : 28 cents -Diluted : N/A Extraordinary (ETD) Gain/(Loss) : N/A Profit/(Loss) after ETD Items : 14,741,601 Final Dividend per Share : NIL (Specify if with other options) : - B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for Current Period : 9 bonus shares for every 1 existing share, 1 bonus warrant for 5 shares as enlarged by the proposed bonus issue B/C Dates for Other Distribution : 26/9/2000 to 29/9/2000 bdi. Remarks: (1) Corporate reorganisation and basis of presentation The Company was incorporated with limited liability as an exempted company in the Cayman Islands on November 4, 1999 under the Companies Law (1998 Revision) of the Cayman Islands. Super Idea International Limited ("Super Idea") was incorporated with limited liability in the British Virgin Islands on June 8, 1999. On December 22, 1999, the Company and Super Idea underwent a group reorganisation to rationalise the group structure in preparation for the listing of the Company's shares on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), and the Company became the holding company of Super Idea. Details of the corporate reorganisation are set out in the section headed "Statutory and General Information" in Appendix IV of the prospectus dated January 4, 2000 issued by the Company. The shares of the Company were listed on the Stock Exchange with effect from January 18, 2000. (2) Bonus issue of shares and warrants The Proposed Bonus Share Issue will be made on the basis of nine bonus shares for every one existing share held by the shareholders whose names appear on the Register of Members on September 29, 2000. The bonus shares will be credited as fully paid at par and will rank pari passu with the existing shares in all respects. The Proposed Bonus Warrant Issue will be made on the basis of one bonus warrant for every five Shares as enlarged by the proposed bonus issue. Each bonus warrant will entitle the holder to subscribe in cash for a new share at an initial subscription price of HK$0.12 per share, subject to adjustments, at any time from the date of issue to 30 June 2002 or such earlier date as provided in the instrument constituting the warrants. The shares to be issued on exercise of the Proposed Bonus Warrants will not rank for the Proposed Bonus Share Issue. (3) Further to the final results announcmenet released on the teletext on 17/8/2000, the Company subsequently notified the Exchange that due to typo error made by the Company, the date for the shareholders whose name appear on the Register of Members under Remark (2) should read as September 29, 2000 instead of September 26, 2000. For more details, please refer to the press announcement today.