Wanda Hotel Development Company Limited — Earnings Release 2004

Dec 5, 2003

Listed Company Information

ASSO INT HOTELS<00105> - Results Announcement Associated International Hotels Limited announced on 05/12/2003: (stock code: 00105 ) Year end date: 31/03/2004 Currency: HKD Auditors' Report: N/A Review of Interim Report by: Both Audit Committee and Auditors (Unaudited ) (Unaudited ) Last Current Corresponding Period Period from 01/04/2003 from 01/04/2002 to 30/09/2003 to 30/09/2002 Note ('000 ) ('000 ) Turnover : 126,375 199,791 Profit/(Loss) from Operations : 26,086 72,087 Finance cost : (149) (278) Share of Profit/(Loss) of Associates : N/A N/A Share of Profit/(Loss) of Jointly Controlled Entities : N/A N/A Profit/(Loss) after Tax & MI 1 : 20,947 60,063 % Change over Last Period : -65.1 % EPS/(LPS)-Basic (in dollars) 2 : 0.06 0.17 -Diluted (in dollars) : N/A N/A Extraordinary (ETD) Gain/(Loss) : N/A N/A Profit/(Loss) after ETD Items : 20,947 60,063 Interim Dividend : HK$0.06 HK$0.08 per Share (Specify if with other : N/A N/A options) B/C Dates for Interim Dividend : 23/12/2003 to 30/12/2003bdi. Payable Date : 08/01/2004 B/C Dates for (-) General Meeting : N/A Other Distribution for : N/A Current Period B/C Dates for Other Distribution : N/A Remarks: Name of Listed Company: Associated International Hotels Limited (Stock code number: 105) Explanatory Note Note 1: As a result of the adoption of Statement of Standard Accounting Practice 12 (revised) "Income Taxes" issued by the Hong Kong Society of Accountants, which became effective for the current accounting period, the Group's profit for the period ended 30 September 2003 has been increased by $816,000 (6 months ended 30 September 2002: decreased by $210,000). Note 2: The calculation of basic earnings per share is based on the profit attributable to shareholders of $20,947,000 (2002 restated: $60,063,000) and 360,000,000 (2002: 360,000,000) ordinary shares in issue during the period. There were no potential dilutive ordinary shares in existence during the six months ended 30 September 2002 and 2003.