Richly Field China Development Limited — Earnings Release 2002

Jul 22, 2002

Listed Company Information

UNITED PACIFIC<00176> - Results Announcement (Summary) United Pacific Industries Limited announced on 22/7/2002: (stock code: 176) Year end date: 31/3/2002 Currency: HK$ 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 Turnover : 365,896,068 654,036,586 Profit/(Loss) from Operations : (8,136,609) 94,703,982 Finance cost : (21,521) (642,237) Share of Profit/(Loss) of Associates : (7,057,780) (138,918) Share of Profit/(Loss) of Jointly Controlled Entities : NIL NIL Profit/(Loss) after Tax & MI : (14,490,521) 88,345,715 % Change over Last Period : N/A EPS/(LPS)-Basic : (2.6 cents) 15.8 cents -Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : NIL NIL Profit/(Loss) after ETD Items : (14,490,521) 88,345,715 Final Dividend per Share : NIL 5 cents (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 Annual General Meeting : 23/8/2002 to 28/8/2002 bdi. Other Distribution for Current Period : N/A B/C Dates for Other Distribution : N/A Remark: (Loss) Earnings per Share The calculation of (loss) earnings per share is based on the net loss for the year of HK$14,490,521 (2001: profit of HK$88,345,715) and the 557,538,400 (2001: weighted average of 557,923,058) shares in issue during the year. No diluted loss per share has been presented as the exercise of the Company's outstanding share options would have an anti-dilutive effect on the loss per share for the year. No diluted earnings per share had been presented for the previous year as the exercised price of the Company's outstanding share options was higher than the average market price of the Company's shares for the year.