SuperRobotics Limited — Interim / Quarterly Report 2003

May 13, 2003

GEM

BLU SPA<08176> - Results Announcement (Q3, 2002/2003, Summary)

Blu Spa Holdings Limited announced on 13/05/2003:
(stock code: 08176)

Year end date :30/06/2003
Currency :HKD
Auditors' report :N/A
Review of 3rd 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 31/03/2003     to 31/03/2002
                                           HK$'000           HK$'000

Turnover : 1,460 3,988
Profit/(Loss) from Operations : (2,457) (5,142)
Finance cost : N/A (32)
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 : (2,457) (5,174)
% Change Over the Last Period : N/A
EPS / (LPS)
Basic (in dollar) : (HKD 0.0059) (HKD 0.0148)
Diluted (in dollar) : N/A N/A
Extraordinary (ETD) Gain/(Loss) : N/A N/A
Profit (Loss) after ETD Items : (2,457) (5,174)
3rd Quarterly Dividends per Share : NIL NIL
(specify if with other options) : N/A N/A
B/C Dates for 3rd 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 :    Man Tuen Tuen    
                            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 "Reorganisation") in
preparation for the listing of the Company's shares on the Growth
Enterprise Market of The Stock Exchange of Hong Kong Limited
(the "GEM") on 19 February, 2002, the Company became the holding company
of the companies now comprising the Group on 10 December, 2001. Details of
the Reorganisation are set out in the prospectus of the Company
dated 4 February, 2002 (the "Prospectus"). The shares of the Company were
successfully listed on GEM on 19 February, 2002.

The condensed consolidated results for the nine months ended 31 March, 2003
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 as
disclosed in the third quarterly report of the Group for the nine months ended
31 March, 2002.However, as the Group has admitted the adjustment from auditors
at 2002 year end audit due to the non-fulfillment of the terms of the sales
contract by the PRC distributors,and if taking into account such year end audit
adjustment, the turnover for the nine months ended
31 March, 2002 was approximately HK$2,786,000.

1. TAXATION

No provision for Hong Kong Profits Tax has been made for the nine months
ended 31 March, 2003 and the corresponding period in 2002, 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 utilised in the foreseeable future.

1. LOSS ATTRIBUTABLE TO SHAREHOLDERS

The loss attributable to shareholders for the nine months ended 31 March, 2002
was extracted from the Group's 2002 third quarterly report. However, if taking
into account the 2002 year end audit adjustment as mentioned in note 3 above, the
loss attributable to shareholders for such corresponding period in 2002 was
approximately HK$6,125,000.

6.DIVIDEND

The directors do not recommend the payment of an interim dividend for the nine
months ended 31 March, 2003 (2002: Nil).

7.LOSS PER SHARE

The calculation of the basic loss per share for the three months and nine months
ended 31 March, 2003 is based on the respective losses attributable to shareholders
of approximately HK$1,593,000 and HK$2,457,000 and the weighted average number of
427,493,333 and 415,745,985 ordinary shares of the Company during the respective
periods, assuming 606,800,000 ordinary shares of the Company, comprising 410,000,000
shares in issue as at 1 July, 2002 and 196,800,000 shares allotted pursuant to the
Open Offer on 24 March, 2003 were in issue throughout the respective periods.

The calculation of basic loss per share in respect of the three months and nine
months ended 31 March, 2002 is based on respective losses attributable to
shareholders of approximately HK$2,026,000 and HK$5,174,000 as disclosed in the
Group's 2002 third quarterly report and the weighted average number of 380,975,333
and 348,872,482 ordinary shares of the Company during the respective periods, assuming
333,170,000 ordinary shares of the Company, comprising 270,000 shares in issue at the
date of the prospectus on 4 February, 2002 and 332,900,000 shares issued pursuant to
the capitalisation issue on 8 February, 2002 were in issue throughout the respective
periods. If taking into account the 2002 year end audit adjustment to the loss
attributable to shareholders of the Group as mentioned in note 5 above, the basic loss
per share for the nine months ended 31 March, 2002 was approximately HK1.76 cents.

Computation of diluted loss per share for both the three months and nine months ended 31
March, 2003 and 31 March, 2002 does 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.