Yearly Results announcement form Name of listed company : SIIC Medical Science and Technology (Group) Ltd Stock code : 8018 Year end date : 31/12/2001 Auditors' report : Qualified Modified X Neither 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 Currency: HK$'000 (Audited) (Audited) Final Results Announcement Current Last Corresponding Period Period from 01/01/2001 from 01/01/2000 to 31/12/2001 to 31/12/2000 HK$'000 HK$'000 Turnover : 723,911 533,434 Profit/(Loss) from Operations : 157,576 125,483 Finance cost : -4 -1,526 Share of Profit/(Loss) of Associates : 27,577 0 Share of Profit/(Loss) of Jointly Controlled Entites : 259 23,490 Profit/(Loss) after Taxation & MI : 232,685 72,318 % Change Over the Last Period : 221.75 % EPS / (LPS) - Basic : HK37.5 cents HK11.7 cents - Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : 232,685 72,318 Final Dividend per Share : HK 3 cents HK 3 cents (specify if with other options) : N/A N/A B/C Dates for Final Dividend : 02/05/2002 to 06/05/2002 bdi. Payable Date : 28/05/2002 B/C Dates for AGM/SGM : 02/05/2002 to 06/05/2002 bdi. Other Distribution for Current Period: Special Final Dividend of HK1.5 cents per share B/C Dates for Other Distribution : 02/05/2002 to 06/05/2002 bdi. (bdi: both days inclusive) For and on behalf of SIIC Medical Science and Technology (Group) Limited Signature : Name : Wong Mei Ling, Marina 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. Remark: 1. Basis of preparation The Company is a listed public limited company incorporated in Cayman Islands. The shares of the Company are listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the "GEM"). Its utlimate holding company is Shanghai Industrial Investment (Holdings) Company Limited, incorporated in Hong Kong. In the current year, the Group has adopted for the first time a number of new and revised Statements of Standard Accounting Practice issued by the Hong Kong Society of Accountants. Adoption of these Standards has led to a number of changes in the Group's accounting policies. In addition, the new and revised Standards have introduced additional and revised disclosure requirements which have been adopted in these financial statements. Comparative amounts for the prior year have been restated in order to achieve a consistent presentation. 2. Turnover Turnover represents the net amounts received and receivable for goods sold by the Group to outside customers during the year. 3. Profit from operations During the year, the profit from opeations was princially from Chia Tai Qingchunbao Pharmaceutical Co., Ltd. 4. Gain on deemed disposal of interests in a jointly controlled entity Gain on deemed disposal of interests in a jointly controlled entity represented the exceptional gain on deemed disposal by the Group's interest in Shanghai Jahwa United Co., Ltd. ("Shanghai Jahwa") diluted from 40% to 28.15% after the listing of Shanghai Jahwa's shares on the Shanghai Stock Exchange A Shares Market. 5. Share of profit of an associated company Shanghai Jahwa previously a jointly controlled entity of the Group, was listed on the Shanghai Stock Exchange A Shares Market on 15th March 2001 and become an associate since then. Share of profit of an associated company of the Group included the sharing of results of Shanghai Jahwa for the ten months period from 1st March 2001 to 31st December 2001. 6. Earnings per share The calculation of the basic earnings per share is based on the profit for the year ended 31st December 2001 of HK$232,685,000 (2000:72,318,000) and 620,000,000 shares(2000: 620,000,000 shares) in issue during the year. Diluted earnings per share is not presented as there were no dilutive potential ordinary shares in existence during the year.