Maoyan Entertainment — Earnings Release 2001

Mar 27, 2002

Listed Company Information

CHINA UNICOM<00762> - Results Announcement (Summary) China Unicom Limited announced on 27/3/2002: (stock code: 762) Year end date: 31/12/2001 Currency: RMB 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 : 29,392,886 23,692,458 Profit/(Loss) from Operations : 7,380,154 5,836,477 Finance cost : (1,917,566) (1,353,746) Share of Profit/(Loss) of Associates : - - Share of Profit/(Loss) of Jointly Controlled Entities : - - Profit/(Loss) after Tax & MI : 4,456,761 3,234,051 % Change over Last Period : +37.8% EPS/(LPS)-Basic : RMB0.36 RMB0.29 -Diluted : RMB0.36 RMB0.29 Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 4,456,761 3,234,051 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) (a) Basic net income per share Basic net income per share for the year ended 31 December 2000 has been computed by dividing the net income of RMB3,234,051,000 by the weighted average number of net income 11,208,224 shares in issue during the year, assuming the Company had been in existence since 1st January 2000. Basic net income per share for the year ended 31 December 2001 has been computed by dividing the net income of RMB4,456,761,000 by the weighted average number of 12,552,996,000 shares in issue during the year. (b) Diluted net income per share For the year ended 31 December 2000, the calculation of diluted net income per share has been computed by dividing the net income of RMB3,234,051,000 by the weighted average number of 11,219,679,000 shares in issue during the year, after adjusting for the effects of the dilutive potential ordinary shares. All dilutive potential ordinary shares arise from share options granted to the Directors or Senior Management under the Pre-Global Offering Share Option Scheme, share warrants as described in Remark 2 and the over-allotment options granted to the underwriters, which if converted to ordinary shares would decrease profit attributable to shareholders per share. For the year ended 31 December 2001, all potential ordinary shares arise from share options granted under the Pre-Global Offering Share Option Scheme and additional Share Option granted under the Share Option Scheme. No dilution was resulted on the net income per share for the current year after taking into account the potential dilutive effect of the conversion of the share options. (2) CCF Arrangements represented the financing arrangement entered into by the predecessor telecommunications businesses of the Group with certain contractual joint venture companies ("CJVs") established in the PRC for the development of the Group's telecommunication networks. All the CCF Arrangements have been terminated before 30th June 2000 and compensations were paid to the CJVs in the form of cash and share warrants. As of 31 December 2001, all the warrants have expired and no warrants have been exercised by these CJVs or their designees.