Richly Field China Development Limited — Earnings Release 2000

Aug 25, 2000

Listed Company Information

UNITED PACIFIC<0176> - Results Announcement United Pacific Industries Limited announced on 25/8/2000: (stock code: 176) Year end date: 31/3/2000 Currency: HK$ (Audited) (Audited) Last Current Corresponding Period Period from 1/4/1999 from 1/4/1998 to 31/3/2000 to 31/3/1999 Turnover - Continuing : 660,148,484 446,002,856 - Discontinued : 212,524,974 260,560,884 Operating Profit/(Loss) - Continuing : 99,197,451 3,693,650 - Discontinued : (71,729,028) (116,405,009) Total Operating Profit/(Loss) : 27,468,423 (112,711,359) Share of Profit/(Loss) of Associated Companies : 600,304 1,232,302 Share of results of a subsidiary not consolidated : (148,062) - Profit/(Loss) after Tax & MI : (39,588,010) (109,042,980) % Change over Last Period : N/A EPS/(LPS)-Basic : (7.1 cents) (19.5 cents) -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : - - Profit/(Loss) after ETD Items : (39,588,010) (109,042,980) Final Dividend per Share : NIL NIL (Specify if with other options) : N/A N/A B/C Dates for Final Dividend : N/A 2nd Special Dividend per Share : $0.05 B/C Date for 2nd Special Dividend : 25/9/2000 to 28/9/2000 bdi. Payable Date : on or before 31/10/2000 B/C Dates for Annual General Meeting : 25/9/2000 to 28/9/2000 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remarks: (1) Turnover and Total Operating Profit (Loss) The presentation in the current year's financial statements has been modified in order to conform with the requirements of the revised Statements of Standard Accounting Practice issued by the Hong Kong Society of Accountants. Comparative amounts have been restated in order to achieve a consistent presentation. For the current year's presentation, the amount of the total operating profit (loss) represents the amount of profit (loss) from operations, as stated in the 1999/2000 Annual Announcement/Annual Report. During the year, the business activities in respect of the manufacture and trading of toy products and general trading ceased on 31 January 2000 upon the completion of disposal of Goldwiz Holdings Limited (formerly known as Hong Kong Toy Centre International Limited) to an independent purchaser. Accordingly, the segment in connection with the captioned business activities has been treated as discontinued operations in the current year. The corresponding comparative figures have been restated in order to achieve a consistent presentation. (2) Loss Per Share The calculation of loss per share is based on the net loss for the year of HK$39,588,010 (1999: HK$109,042,980) and 558,058,400 (1999: the weighted average of 558,507,162) shares in issue during the year. No diluted loss per share has been calculated as the exercise price of the Company's outstanding share options was higher than the average market price of the Company's shares for both years.