Greenheart Group Limited — Earnings Release 1999

May 30, 2000

Listed Company Information

TOYO HOLDINGS<0094> - Results Announcement Toyo Holdings Limited announced on 29/5/2000: (stock code: 94) The accounts which contain the following results are qualified by the Company's auditor. For more details, please refer to the press announcement issued by the Company on 30/5/2000. Year end date: 31/12/1999 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/1/1999 from 1/1/1998 to 31/12/1999 to 31/12/1998 ('000) ('000) Turnover - Continuing : 3,835,816 4,278,739 - Discontinued : 303,358 - Operating Profit/(Loss) - Continuing : (490,299) (239,496) - Discontinued : (83,324) - Total Operating Profit/(Loss) : (573,623) (239,496) Share of Profit/(Loss) of Associated Companies : 3,016 10,538 Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : (611,493) (279,803) % Change over Last Period : N/A EPS/(LPS)-Basic : (22.25 cents) (13.02 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (611,493) (279,803) 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) Turnover Turnover represents the aggregate of the net invoiced value of goods sold, after allowances for goods returned and trade discounts. (2) Loss per share The calculation of basic loss per share is based on the net loss attributable to shareholders of HK$611,493,000 (1998: HK$279,803,000) and the weighted average of 2,748,669,151 (1998: 2,148,656,822) shares in issue during the year. The diluted loss per share for the year ended 31 December 1999 and 1998 have not been shown as both the outstanding warrants and options during these years had an anti-dilutive effect on the basic loss per share for both years. (3) Certain comparative figures have been restated to conform with the current presentation as required under the Hong Kong Society of Accountant's Statement of Standard Accounting Practice 1 (revised) "Presentation of Financial Statements". For more details, please refer to the press announcement today.