SuperRobotics Limited — Earnings Release 2003

Nov 13, 2003

GEM

BLU SPA<08176> - Results Announcement (Q1, 2003/2004, Summary)

Blu Spa Holdings Limited announced on 12/11/2003:
(stock code: 08176)

Year end date :30/06/2004
Currency :HKD
Auditors' report :N/A
Review of 1st Quarterly Report by :Audit Committee

Important Note :

This result announcement form only contains extracted information from
and should be read in conjunction with the detailed results announcement
of the issuer, which can be viewed on the GEM website at
http://www.hkgem.com

                                       (Unaudited)       (Unaudited)
                                           Current              Last 
                                                       Corresponding
                                            Period            Period
                                   from 01/07/2003   from 01/07/2002
                                     to 30/09/2003     to 30/09/2002
                                             $'000             $'000

Turnover : 615 692
Profit/(Loss) from Operations : (1,136) 330
Finance cost : N/A N/A
Share of Profit/(Loss) of Associates : N/A N/A
Share of Profit/(Loss) of Jointly
Controlled Entites : N/A N/A
Profit/(Loss) after Taxation & MI : (1,136) 330
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0019) HKD 0.0008
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (1,136) 330
1st Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 1st Quarterly Dividends : N/A
Payable Date : N/A
B/C Dates for (-) General Meeting : N/A
Other Distribution for Current Period : NIL
B/C Dates for Other Distribution : N/A

                                     For and on behalf of
                                   Blu Spa Holdings Limited
                        Signature :
                             Name :   Chan Choi Har, Ivy
                            Title :       Director

Responsibility statement

The directors of the Company (the "Directors") as at the date hereof
hereby collectively and individually accept full responsibility for the
accuracy of the information contained in this results announcement form
(the "Information") and confirm, having made all reasonable inquiries,
that to the best of their knowledge and belief the Information are
accurate and complete in all material respects and not misleading and
that there are no other matters the omission of which would make the
Information herein inaccurate or misleading. The Directors acknowledge
that the Stock Exchange has no responsibility whatsoever with regard
to the Information and undertake to indemnify the Exchange against all
liability incurred and all losses suffered by the Exchange in connection
with or relating to the Information.

Remarks:

1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Company was incorporated in the Cayman Islands on 30 August,
2001 as an exempted company with limited liability under the
Companies Law Cap. 22 (Law 3 of 1961, as consolidated and revised) of
the Cayman Islands.

The Company is an investment holding company.

The condensed consolidated results for the three months ended 30
September, 2003 have been prepared on a gong concern basis.

1. PRINCIPAL ACCOUNTING POLICES

The principal accounting policies adopted in preparing the unaudited
consolidated income statement consistent with accounting policies used
in the prospectus of the Company dated 4 February, 2002.

1. TURNOVER

Turnover represents the net amounts received and receivable for goods
sold, less returns and allowances, by the Group to outside customers.

1. OTHER REVENUE

Other revenue for the three months ended 30 September, 2003 mainly
represents the cash discount received from professional fee payment.
Whilst the Other Revenue for the previous corresponding period in
2002 represented waiver of loans due of directors.

1. TAXATION

No provision for Hong Kong Profits Tax has been made for the three
months ended 30 September, 2003 and the corresponding period in
2002, as the Group had no assessable profits for the respective periods.

A deferred tax asset has not been recognised in the financial
statements in respect of tax losses available to offset future profits
as it is not certain that the tax losses will be utilised in the
foreseeable future.

1. DIVIDEND

The directors do not recommend the payment of a dividend for the three
months ended 30 September, 2003 (2002: Nil).

1. BASIC (LOSS) PROFIT PER SHARE

The calculation of the basic loss per share for the three months ended 30
September, 2003 is based on the loss attributable to shareholders of
approximately HK$1,136,000 (2002: profit attributable to shareholders
of approximately HK$330,000) and the number of 606,800,000 (2002:
410,000,000) ordinary shares of the Company in issue during the period.

No diluted loss per share for the three months ended 30 September, 2003
and diluted profit per share for the three months ended 30 September,
2002 were presented as the Company did not assume the exercise of
share option outstanding because the exercise prices of the Company��s
share options were higher than the average market price for shares for
both periods.