Emperor Capital Group Ltd. — Earnings Release 2001

Apr 25, 2002

Listed Company Information

LUKS IND(GROUP)<00366> - Results Announcement (Summary) Luks Industrial (Group) Limited announced on 24/4/2002: (stock codes: Ord: 366 & War: 360) Year end date: 31/12/2001 Currency: HK$ Auditors' Report: Neither Review of Interim Report by: N.A. (Audited) (Audited) Last Current Corresponding Period Period from 1/1/2001 from 1/1/2000 to 31/12/2001 to 31/12/2000 ('000) ('000) Turnover : 175,033 132,863 Profit/(Loss) from Operations : 81,116 (620,407) Finance cost : (6,638) (23,296) Share of Profit/(Loss) of Associates : - (1,763) Share of Profit/(Loss) of Jointly Controlled Entities : (34,503) (23,040) Profit/(Loss) after Tax & MI : 36,462 (666,142) % Change over Last Period : N.A. EPS/(LPS)-Basic : $0.11 ($1.96) -Diluted : N.A. N.A. Extraordinary (ETD) Gain/(Loss) : N.A. N.A. Profit/(Loss) after ETD Items : 36,462 (666,142) Final Dividend per Share : 10 Cents Nil (Specify if with other options) : N.A. N.A. B/C Dates for Final Dividend : 24/5/2002 to 28/5/2002 bdi. Payable Date : 6/6/2002 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. GROUP REORGANISATION The Company was incorporated in Bermuda as an exempted company with limited liability on 16 November 2000 under the Companies Act 1981 of Bermuda (as amended). On incorporation, the Company had an authorised share capital of HK$100,000 divided into 10,000,000 shares of HK$0.01 each, which were allotted and issued nil paid on 7 December 2000. Apart from the foregoing, no other transactions were carried out by the Company during the period from 16 November 2000 (date of incorporation) to 31 December 2000. Accordingly, the Company had no profits or losses for that period. Pursuant to a reorganisation scheme (the "Group Reorganisation"), the Company became the holding company of the companies now comprising the Group on 4 April 2001. This was accomplished by acquiring the entire issued share capital of Luks Industrial Company Limited ("LICL") in consideration of and in exchange for the allotment and issue of 336,096,964 shares of HK$0.01 each in the share capital of the Company credited as fully paid. 2. COMPARATIVE AMOUNTS As further explained in remark 3 to the financial statements, due to the adoption of the certain new and revised SSAPs during the current year, the accounting treatment and presentation of certain items and balances in the financial statements have been revised to comply with the new requirements. Accordingly, the certain comparative amounts have been reclassified to conform with the current year's presentation. 3. EARNINGS/(LOSS) PER SHARE The calculation of basic earnings/ (loss) per share is based on the net profit from ordinary activities attributable to shareholders for the year of HK$36,462,000 (2000: net loss of HK$666,142,000) and the weighted average of 326,183,000 (2000: weighted average of 340,094,000) ordinary shares in issue during the year. A diluted earnings per share amount for the year ended 31 December 2001 has not been disclosed, as the share options and warrants outstanding during the year had no dilutive effects on the earnings per share for the year. A diluted loss per share amount for the year ended 31 December 2000 has not been disclosed, as the share options and warrants outstanding during that year had an anti-dilutive effect on the loss per share for that year. For more details, please refer to the press announcement today.