Quarterly Results announcement form Name of listed company : Sinotronics Holdings Limited Stock code : 8115 Year end date : 30/06/2002 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: RMB'000 (Unaudited) (Unaudited) Quarterly Results Announcement Current Last Corresponding Period Period from 01/07/2001 from 01/07/2000 to 31/03/2002 to 31/03/2001 RMB'000 RMB'000 Turnover : 144,113 116,233 Profit/(Loss) from Operations : 58,672 48,655 Finance cost : -2,470 -4,580 Share of Profit/(Loss) of Associates : 0 0 Share of Profit/(Loss) of Jointly Controlled Entites : 0 0 Profit/(Loss) after Taxation & MI : 45,291 38,891 % Change Over the Last Period : 16.46 % EPS / (LPS) - Basic : RMB 13.03 cents RMB 14.40 cents - Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : 45,291 38,891 3rd Q Dividend per Share : NIL NIL (specify if with other options) : N/A N/A B/C Dates for 3rd Q Dividend : N/A to N/A bdi. Payable Date : N/A B/C Dates for AGM/SGM : N/A to N/A bdi. Other Distribution for Current Period: N/A B/C Dates for Other Distribution : N/A to N/A bdi. (bdi: both days inclusive) For and on behalf of Sinotronics Holdings Limited Signature : Name : Tong Yiu On Title : Company Secretary Responsibility statement The directors of the Company (the "Directors") as at the date hereof hereby collectively individually accept full responsibility for the accuracy of the information contained in announcement form (the "Information") and confirm, having made all reasonable inquiries, best of their knowledge and belief the Information are accurate and complete in all mater and not misleading and that there are no other matters the omission of which would make t Information herein inaccurate or misleading.The Directors acknowledge that the Stock Exch no responsibility whatsoever with regard to the Information and undertake to indemnify th against all liability incurred and all losses suffered by the Exchange in connection with Information. Remarks: 1. Group reorganisation and basis of presentation The company was incorporated in the Cayman Islands on 29th September, 2000 as an exempted company with limited liability under the Companies Law (Revised) of the Cayman Islands. Its shares have been listed on The Growth Enterprise Market of The Stock Exchange of Hong Kong Limited since 17th May, 2001. On 8th May, the Company became the holding company of the other companies comprising the Group pursuant to a group reorganisation (the "Reorganisation") which included exchange of shares. The Reorganisation involved companies under common control, and the Group, resulting from the Reorganisation, is regarded as a continuing group. Accordingly, the Reorganisation has been accounted for on the basis of merger accounting, under which the unaudited consolidated results of the Group for the nine months ended 31st March, 2001 have been prepared as if the Company had been the holding company of the other companies comprising the Group throughout the nine months ended 31st March, 2001, rather than from the date on which the Reorganisation was completed. All significant intercompany transactions and balances within the Group have been eliminated on combination. These unaudited consolidated results have been prepared in accordance with Statement of Standard Accounting Practices issued by the Hong Kong Society of Accountants and Accounting principles general accepted in Hong Kong. 2. Earnings per share The calculation of basic earnings per share for the nine months ended 31st March, 2002 was based on the unaudited consolidated profit attributable to shareholders of approximately RMB 45,291,000 and on the 347,625,000 ordinary shares in issue during the nine months ended 31st March, 2002. The calculation of earnings per share for the nine months ended 31st March, 2001 was based on the unaudited consolidated profit attributable to shareholders of approximately RMB 38,891,000 and on the 270,000,000 ordinary shares in issue and issuable pursuant to a capitalisation issue in connection with the Company's share offering in May 2001. Diluted earnings per share was not presented as there were no dilutive potential ordinary shares in existence during the nine months ended 31st March, 2002 and 31st March, 2001.