SuperRobotics Limited — Earnings Release 2003

Feb 12, 2003

GEM

BLU SPA<08176> - Results Announcement (Q2, 2002/2003, Summary)

Blu Spa (Holdings) Limited announced on 12/02/2003
(stock codes: 08176)

Year end date :30/06/2003
Currency :HKD
Auditors' report :N/A
Review of 2nd 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 01/07/2002   from 01/07/2001
                                     to 31/12/2002     to 31/12/2001
                                             $'000             $'000

Turnover : 1,224 2,543
Profit/(Loss) from Operations : (1,186) (3,131)
Finance cost : N/A (17)
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 : (1,186) (3,148)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0029) (HKD 0.0094)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (1,186) (3,148)
2nd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 2nd 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 :       Lai Sze Wan
                            Title :    Company Secretary

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. GROUP REORGANISATION AND BASIS OF PREPARATION

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.

Pursuant to a group reorganisation (the "Group Reorganisation") in
preparation for the listing of the Company's shares on the Growth
Enterprise Market (the "GEM") of The Stock Exchange of Hong Kong
Limited, the Company became the holding company of the companies now
comprising the Group on 10 December, 2001. Details of the Group
Reorganisation were set out in the prospectus (the "Prospectus") of the
Company dated 4 February, 2002. The shares of the Company were
successfully listed on GEM on 19 February, 2002.

The consolidated results for the six months ended 31 December 2002,
have been prepared using the merger basis of accounting as a result of
the Group Reorganisation. On this basis, the Company has been treated
as the holding company of its subsidiaries for the period presented.

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.

3.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 mainly represents the waiver of loan from directors
amounting to HK$3,410,000 (2001: Nil).

1. TAXATION

No provision for Hong Kong Profits Tax has been made for the six months
ended 31 December, 2002 and the corresponding period in 2001, as the
Group has 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 utilized in the foreseeable future.

6.DIVIDEND

The directors do not recommend the payment of a dividend for the six
months ended 31 December, 2002 (2001: Nil).

7.LOSS PER SHARE

The calculation of loss per share for the six months ended 31 December,
2002 is based on the net loss attributable to the shareholders of
HK$1,185,666 and the number of 410,000,000 ordinary shares of the
Company in issue during the period.

The calculation of loss per share for the six months ended 31 December,
2001 is based on the net loss attributable to the shareholders of
HK$3,148,236 and the number of 333,170,000 ordinary shares of the
Company in issue during the period.

No diluted loss per share for the six months ended 31 December, 2002
was 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.

No diluted loss per share for the six months ended 31 December, 2001
was presented as the Company did not have any diluted potential
ordinary shares.