CPM Group Limited — Earnings Release 2001

Jun 8, 2001

Listed Company Information

UBA INVESTMENTS<0768> - Results Announcement (Summary) UBA Investments Limited announced on 8/6/2001: (stock codes: Ord: 768 & War: 352) Year end date: 31/3/2001 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2000 from 8/6/1999 to 31/3/2001 to 31/3/2000 Turnover : 36,380,471 29,594,909 Profit/(Loss) from Operations : (25,974,875) 17,395,270 Finance cost : (16,741) (11,669) Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entities : 0 0 Profit/(Loss) after Tax & MI : (25,172,043) 14,741,601 % Change over Last Period : N/A EPS/(LPS)-Basic : (2.47 cents) 2.78 cents -Diluted : (2.24 cents) 2.78 cents Extraordinary (ETD) Gain/(Loss) : 0 0 Profit/(Loss) after ETD Items : (25,172,043) 14,741,601 Final Dividend per Share : NIL NIL (Specify if with other options) : - - B/C Dates for Final Dividend : N/A Payable Date : - B/C Dates for Annual General Meeting : 27/7/2001 to 31/7/2001 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: 1. 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. 2. Principal accounting policies The audited financial statements have been prepared in accordance with the same principal accounting policies and on a basis consistent with those adopted in the annual financial statements for the year ended 31 March 2000. 3. Analysis of Turnover April 1, 2000 June 8, 1999 To To March 31, 2001 March 31, 2000 HK$ HK$ Proceeds from sale of listed securities 35,036,022 28,844,063 Dividend income from listed securities 1,344,449 750,846 ---------------------------------- 36,380,471 29,594,909 ================================== 4. (Loss) profit before operations April 1, 2000 June 8, 1999 To To March 31, 2001 March 31, 2000 HK$ HK$ Auditors' remuneration - Current year / period 96,000 100,000 - Overprovision in prior period (2,000) 0 ----------------------- 94,000 100,000 Investment management fee 1,519,716 335,397 Staff costs 462,846 136,674 Provision for permanent diminution in value of investment in unlisted equity securities 1,415,000 0 ======================== 5. Loss (earning) per share The basic (loss) earnings per share is based on the loss of HK$25,172,043 (2000: net profit HK$14,741,601) and the weighted average of 1,017,553,282 (2000: 530,134,230) ordinary shares in issue during the year / period. The basic earnings per share for 2000 has been adjusted for the bonus issue of shares during the year on the basis of nine new shares for every one share then held by the shareholders. The diluted loss per share for the year is based on 1,123,545,113 ordinary shares which was the weighted average number of ordinary shares in issue during the year plus the weighed average of 105,991,831 ordinary shares deemed to be issued at no consideration if all outstanding warrants had been exercised. 6. Comparative figures The comparative figures have been reclassified to conform with the current year presentation.