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B.A.L. HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8079)
CLARIFICATION ANNOUNCEMENT
REGARDING RESULTS ANNOUNCEMENT
FOR THE YEAR ENDED 31 OCTOBER 2007

The Company would like to clarify the information contained in the announcement dated 28 January
2008 regarding the results announcement for the year ended 3 October 2007.
The clarification is made to both the Chinese and English versions of the “Results Announcement for
the year ended 3 October 2007” dated 28 January 2008 under the Sections “Consolidated Income
Statement”, “Consolidated Statement of Changes in Equity” and “Notes to the Financial Statements –
Note 6 – Earnings Per Share and Note 8 – Trade Receivables”. The Board wishes to clarify that
typographical errors are noted in these sections.
The board of directors (the “Board”) of B.A.L. Holdings Limited (the “Company”) wishes to clarify
certain information contained in the announcement dated 28 January 2008 regarding results announcement
for the year ended 3 October 2007.
Reference is made to both the Chinese and English versions of the Results Announcement for the year
ended 3 October 2007 dated 28 January 2008 under the Sections “Consolidated Income Statement”,
“Consolidated Statement of Changes in Equity” and “Notes to the Financial Statements – Note 6 –
Earnings Per Share and Note 8 – Trade Receivables”. The Board wishes to clarify that typographical
errors are noted in the following sections and herein marked with underline for identification.
CONSOLIDATED INCOME STATEMENT

For the year ended 31st October, 2007
Earnings per share for profit attributable to the equity
holders of the Company during the year 6
– Basic HK4.52 cents HK5.93 cents

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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the year ended 31st October, 2007
Minority Total
Equity attributable to equity holders of the Company interests equity

(Accu-
mulated
Capital losses)/ Investment Share
Share Share redemption Exchange retained Capital revaluation option
capital premium reserve reserve profits reserves reserve reserve Total
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
At 3st October, 2007 94,96 9,588 278 7 29,650 28,327 ,573 74,405 – 74,405

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31st October, 2007
6. EARNINGS PER SHARE

(a) Basic
The calculation of basic earnings per share is based on the profit attributable to equity holders of the
Company of HK$5,93,000 (2006: HK$7,052,000) and on the weighted average of 352,830,024
(2006: 287,795,963 (restated)) ordinary shares in issue during the year, as adjusted to reflect the bonus
issue and share subdivision during the year, and also the share consolidation after the year end date.
8. TRADE RECEIVABLES
2007 2006

RMB’000 RMB’000

Renminbi (“RMB”) 4,655 ,035
Save as disclosed herein, the contents of the announcement are true and accurate.
By Order of the Board
B.A.L. Holdings Limited
Siu York Chee
Chairperson
Hong Kong, 30 January 2008
As at the date hereof, the executive Directors are Ms. Siu York Chee, Doreen and Mr. Leung Kwok Kui,
the independent non-executive Directors are Mr. Hung Anckes Yau Keung, Dr. Siu Yim Kwan, Sidney
and Mr. Walter Tsui Pui Hung.

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This announcement, for which the Directors collectively and individually accept full responsibility,
includes particulars given in compliance with the GEM Listing Rules for the purpose of giving
information with regard to the Company. The Directors having made all reasonable enquiries, confirm
that, to the best of their knowledge and belief: (1) the information contained in this announcement is
accurate and complete in all material respects and not misleading; (2) there are no other matters the
omission of which would make any statement in this announcement misleading; and (3) all opinions
expressed in this announcement have been arrived at after due and careful consideration and are found
on bases and assumptions that are fair and reasonable.
This announcement will remain on the “Latest Company Announcements” page of the GEM website
for at least 7 days from the date of its posting.