Vision Values Holdings Ltd. — Earnings Release 2002

Apr 24, 2003

Listed Company Information

ASIA LOGISTICS<00862> - Results Announcement Asia Logistics Technologies Limited announced on 24/04/2003: (stock code: 00862 ) Year end date: 31/12/2002 Currency: HKD Auditors' Report: Unqualified (Audited ) (Audited ) Last Current Corresponding Period Period from 01/01/2002 from 01/01/2001 to 31/12/2002 to 31/12/2001 Note ('000 ) ('000 ) Turnover : 18,511 62,809 Profit/(Loss) from Operations : (73,218) (22,083) Finance cost : (1,565) (326) Share of Profit/(Loss) of Associates : (17,363) (70) Share of Profit/(Loss) of Jointly Controlled Entities : (128) N/A Profit/(Loss) after Tax & MI : (89,394) (24,352) % Change over Last Period : N/A % EPS/(LPS)-Basic (in dollars) : (0.0267) (0.0084) -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : (89,394) (24,352) Final Dividend : NIL NIL per Share (Specify if with other : N/A N/A options) B/C Dates for Final Dividend : N/A Payable Date : N/A B/C Dates for Annual General Meeting : 22/05/2003 to 28/05/2003bdi. Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: 1. Turnover 2002 2001 HK$'000 HK$'000 Continuing operations 18,511 61,920 Discontinued operations - 889 ------- ------- 18,511 62,809 ======= ======= 2. Loss from operating activities 2002 2001 HK$'000 HK$'000 Continuing operations (73,218) (21,417) Discontinued operations - (666) -------- -------- (73,218) (22,083) ======== ======== 3. Loss per share The calculation of basic loss per share is based on the net loss from ordinary activities attributable to shareholders for the year of HK$89,394,000 (2001: HK$24,352,000), and the weighted average of 3,342,852,413 (2001: 2,885,446,921) ordinary shares in issue during the year. Diluted loss per share amounts for the year ended 31 December 2002 and 31 December 2001 have not been disclosed, as the share options and convertible bond outstanding during these years had anti-dilutive effects on the basic loss per share for these years. 4. Certain comparative amounts have been reclassified to conform with the current year's presentation.