CWT International Limited — Earnings Release 2002

Jul 25, 2002

Listed Company Information

WAH TAK FUNG<00297> - Results Announcement (Summary) Wah Tak Fung Holdings Limited announced on 25/7/2002: (stock code: 297) Year end date: 31/3/2002 Currency: HKD Auditors' Report: Unqualified Review of Interim Report by: N/A (Audited) (Audited) Last Current Corresponding Period Period from 1/4/2001 from 1/4/2000 to 31/3/2002 to 31/3/2001 ('000) ('000) Turnover : 58,310 130,936 Profit/(Loss) from Operations : (114,376) (200,063) Finance cost : (56,895) (101,863) Share of Profit/(Loss) of Associates : (2,814) (8,761) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (174,108) (323,320) % Change over Last Period : N/A EPS/(LPS)-Basic : (8.2 cents) (23.7 cents) -Diluted : (8.2 cents) (23.7 cents) Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (174,108) (323,320) Final Dividend per Share : Nil Nil (Specify if with other options) : N/A N/A 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 : N/A B/C Dates for Other Distribution : N/A Remarks: (1) COMPARATIVE FIGURES Certain comparative figures have been reclassified to conform with the current year's presentation. (2) LOSS PER SHARE The calculation of basic loss per share is based on the net loss for the year of approximately HK$174,108,000 (2001: HK$323,320,000) and on the weighted average of 2,135,225,748 (2001: 1,365,365,431) shares in issue. The computation of diluted loss per share for the year ended March 31, 2002 and 2001 does not assume the exercise of the conversion rights attached to the Company's outstanding share options, convertible redeemable non-voting preference shares and debenture as these conversions would result in a decrease in loss per share.