Silkwave Inc — Earnings Release 2002

Apr 25, 2003

Listed Company Information

SOUTH CHINA H<00265> - Results Announcement South China Holdings Limited announced on 25/04/2003: (stock code: 00265 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 1,980,605 2,109,048 Profit/(Loss) from Operations : (216,539) (235,315) Finance cost : (15,102) (21,275) Share of Profit/(Loss) of Associates : (8,109) (21,200) Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI : (186,970) (187,031) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.103) (0.103) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (186,970) (187,031) Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 29/05/2003 to 30/05/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: BASIC LOSS PER SHARE The calculation of basic loss per share is based on the loss attributable to shareholders of approximately HK$186,970,000 (2001: HK$187,031,000) approximately 1,823,401,000 shares (2001: weighted average number of approximately 1,822,874,000 shares) in issue during the year. Diluted loss per share is not shown, as there is no dilution effect in either year.