SuperRobotics Limited — Earnings Release 2005

Sep 23, 2005

GEM

BLU SPA<08176> - Results Announcement (Final, 2004/2005, Summary)

Blu Spa Holdings Limited announced on 22/09/2005:
(stock code: 08176 )

Year end date :30/06/2005
Currency :HKD
Auditors' report :Modified

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

                                         (Audited)        (Audited)
                                          Current Last Corresponding
                                           Period            Period
                                   from 01/07/2004   from 01/07/2003
                                     to 30/06/2005     to 30/06/2004
                                             $'000             $'000

Turnover : 1,564 2,052
Profit/(Loss) from Operations : (5,452) (4,474)
Finance cost : (245) (115)
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 : (5,668) (4,563)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : HKD (0.0093) HKD (0.0075)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (5,668) (4,563)
Final Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for Final 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
(bdi: both days inclusive)

For and on behalf of
Blu Spa Holdings Limited

Signature :
Name : Hui Wing Lok
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. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Group incurred a loss attributable to the shareholders of
HK$5,667,561 for the year ended 30 June 2005. In addition, the Group
had net current liabilities and net liabilities of HK$10,900,026 and
HK$380,100, respectively, as at 30 June 2005. Notwithstanding this, the
financial statements have been prepared on the assumption that the
Group will continue to operate as a going concern. In the opinion of
Directors, the Group will have sufficient working capital to continue
its operations in the coming year, after taking into consideration

of the following:

• The Group is in the process of identifying/negotiating with potential
  investors for new equity to be introduced to the Group.
• The Group has been taking ongoing action to tighten cost controls
  over various general and administrative expenses.

In the opinion of the Directors, in light of the measures taken to date
and on the basis of the above-mentioned assumptions, the Group will
have sufficient working capital to finance its operation to maintain
its operating existence in the foreseeable future. Accordingly, the
Directors are satisfied that it is appropriate to prepare the accounts
on a going concern basis.

Should the Group be unable to continue as a going concern, adjustments
would have to be made in the accounts to reduce the values of the
assets to their recoverable amounts, to provide for any further
liabilities which might arise and to reclassify non-current assets
and liabilities as current assets and liabilities, respectively.
The consequential effects of these potential adjustments may
have significant effect on the loss of the Group for the year and
the net liabilities of the Company and the Group as at 30 June 2005.

1. STANDARD ACCOUNTING PRACTICE

The financial statements have been prepared in accordance with
accounting standards issued by the Hong Kong Institute of Certified
Public Accountants ("HKICPA"), accounting principles generally accepted
in Hong Kong and the disclosure requirements of the Hong Kong
Companies Ordinance.
The HKICPA has issued a number of new and revised Hong Kong
Financial Reporting Standards and Hong Kong Accounting Standards
(��new HKFRSs��) which are effective for accounting periods beginning
on or after 1 January 2005. The Group has not early adopted these new
HKFRSs in the financial statements for the year ended 30 June 2005. The
Group has already commenced an assessment of the impact of these new
HKFRSs but is not yet in a position to state whether these new

HKFRSs would have a significant impact on its results of operations
and financial position.

1. TURNOVER

Turnover and contribution to operating results and assets and
liabilities by business segment has not been prepared as all the
Group��s turnover, assets and liabilities was derived from the
development, distribution and marketing of personal care
treatment products.

1. TAXATION
   2005 2004
   HK$ HK$
   The charge (credit) comprises:
   Company and subsidiaries
   Current year profits tax - PRC 783 -

Deferred tax
Credit of current year (30,000) (26,000)
Taxation attributable to the
Group (29,217) (26,000)

Tax arising in other jurisdictions of the PRC are calculated at the
rates of tax prevailing in the PRC.

1. DIVIDENDS

No dividend was paid or proposed for the year ended
30 June 2005, nor has any dividend been proposed
since the balance sheet date (2004: HK$ nil).

1. LOSS PER SHARE

The calculation of the basic loss per share for
the year ended 30 June 2005 is based on the loss for
the year of approximately HK$5,667,561 (2004:
HK$ 4,563,125) and on the weighted average of
606,800,000 (2004: 606,800,000) in issue during the year.

No diluted loss per share for the year ended 30 June 2005
and 2004 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.
since the balance sheet date (2004: HK$ nil).