Richly Field China Development Limited — Earnings Release 2004

Dec 17, 2003

Listed Company Information

UNITED PACIFIC<00176> - Results Announcement United Pacific Industries Limited announced on 17/12/2003: (stock code: 00176 ) Year end date: 31/03/2004 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 1/4/2003 from 1/4/2002 to 30/9/2003 to 30/9/2002 Note ($ ) ($ ) Turnover : 167,056,944 177,816,853 Profit/(Loss) from Operations : 2,580,157 1,958,779 Finance cost : (388,673) (9,169) Share of Profit/(Loss) of Associates : N/A (352,706) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (16,159,215) 1,596,904 % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.029) 0.0029 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (16,159,215) 1,596,904 Interim Dividend : Nil 4 cents per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : N/A Payable Date : N/A B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: The calculation of the basic and diluted (loss)/earnings per share for the six-month periods ended 30th September, 2003 and 2002 is computed based on the following data: 1.4.2003 to 1.4.2002 to 30.9.2003 30.9.2002 HK$ HK$ Earnings: Net (loss)/profit for the period and (loss)/earnings for the purposes of basic and diluted earnings per share (16,159,215) 1,596,904 Number of shares: Weighted average number of shares for the purpose of basic earnings per share 557,058,400 557,524,519 Diluted loss per share has not been presented for the current period as the exercise of the Company's outstanding share options was anti-dilutive. The share options have no dilutive effect for the six months ended 30th September, 2002 as the exercise price of the Company's outstanding share options was higher than the average market price of the Company's shares for the period.