Value Partners Group Limited — Interim / Quarterly Report 2001

Dec 8, 2000

Listed Company Information

STARLITE HOLD<0403> - Results Announcement Starlite Holdings Limited announced on 8/12/2000: (stock code: 403) Year end date: 31/3/2001 Currency: HKD (Unaudited) (Unaudited) Last Current Corresponding Period Period from 1/4/2000 from 1/4/1999 to 30/9/2000 to 30/9/1999 ('000) ('000) Turnover : 326,211 251,867 Profit/(Loss) from Operations : 27,118 23,175 Finance cost (net) : (6,864) (7,710) Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entities : 0 0 Profit/(Loss) after Tax & MI : 15,513 12,388 % Change over Last Period : +25.23% EPS/(LPS)-Basic : 3.861 cents 3.29 cents -Diluted : 3.859 cents N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit/(Loss) after ETD Items : 15,513 12,388 Interim Dividend per Share : Nil Nil (Specify if with other options) : - - B/C Dates for Interim Dividend : 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 Remarks: 1. Operating profit Operating profit is arrived at after charging the following :- 30 Sep 2000 30 Sep 1999 HK$'000 HK$'000 Loss relating to termination of certain licensing rights (Note a) (5,086) -- Additional sum payable to former minority shareholder of Everfar (Note b) (3,416) -- ------------------------- (8,502) 0 ========================= (a) Loss relating to termination of certain licensing rights From December 1998 to June 1999, the Group entered into agreements with certain licensors to terminate certain licensing rights by December 2000. In this connection, the Group recorded a provision of approximately HK$5,086,000 against related inventories for the six months ended 30th September 2000. (b) Additional sum payable to former minority shareholder of Everfar During the year ended 31st March 2000, the Group acquired 45% interest in Everfar Holdings Limited ("Everfar") from an unrelated party. As part of the purchase consideration for the acquisition, 32,000,000 share options of the Company were granted to the former minority shareholder at a price of HK$0.20 per share exercisable during the period from 10th August 1999 to 31st December 2000 with an additional sum of approximately HK$3,416,000 payable if these share options are not exercised. In this connection, the Group recorded full provision against this additional sum for the six months ended 30th September 2000. (2) Earnings per share The calculation of basic earnings per share for the six months ended 30th September 2000 is based on the consolidated profit attributable to shareholders of approximately HK$15,513,000 (1999- HK$12,388,000) and on the weighted average number of approximately 401,801,000 shares (1999- 376,730,000 shares) in issue during the period. The calculation of diluted earnings per share for the six months ended 30th September 2000 is based on the consolidated profit attributable to shareholders of approximately HK$15,513,000 (HK$12,388,000) and on the weighted average number of approximately 401,997,000 shares (1999 - 376,730,000 shares) in issue, adjusted for the effects of all dilutive potential ordinary shares resulting from the outstanding options for the six months ended 30th September 2000. (3) Comparative figures Due to the adoption of revised SSAP 1 and 2 certain comparative figures have been reclassified to conform with current year presentation.