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DBA Telecommunication (Asia) Holdings Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 3335)
INTERIM RESULTS ANNOUNCEMENT
FOR THE SIX MONTHS ENDED 30 JUNE 2007
FINANCIAL HIGHLIGHTS

For the six months ended 30 June
2007 2006

(Unaudited) (Unaudited) Increase
RMB’000 RMB’000 %
Turnover
Sales of telecommunication products
Communication terminal equipment
Public telephone booths 125,913 05,486 9.4
Public telephones 54,604 53,363 2.3
Wireless business telephones 24,990 2,37 6.9

205,507 80,220 4.0

Intelligent electronic products
Smart card vending machines 143,661 03,2 39.3

143,661 03,2 39.3

Communication transmission connection products
ODFs 14,209 6,07 36.2
Optical passive devices 47,260 2,784 6.9

61,469 27,80 2.

410,637 3,33 32.0

Self-service communication payment service business 52,016 – N/A
Agency business for telecommunication equipments 45,205 – N/A

507,858 3,33 63.2

Gross Profit 175,418 27,845 37.2
Profits attributable to shareholders 118,815 83,609 42.

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INTERIM RESULTS

The board of directors (the “Board”) of DBA Telecommunication (Asia) Holdings Limited (the “Company”)
is pleased to announce the unaudited consolidated interim results of the Company and its subsidiaries
(together the “Group”) for the six months ended 30 June 2007, together with the comparative figures of
the corresponding period in 2006.
These condensed consolidated interim financial statements have not been audited, but have been reviewed
by the Company’s audit committee and the Company’s external auditor in accordance with the Hong
Kong Standard on Review Engagements 240 “Review of Interim Financial Information Performed by
the Independent Auditor of the Entity” issued by the Hong Kong Institute of Certified Public Accountants
(“HKICPA”).
CONDENSED CONSOLIDATED INCOME STATEMENT

Six months ended 30 June
2007 2006

(Unaudited) (Unaudited)
Note RMB’000 RMB’000
Turnover 5 507,858 3,33
Cost of sales (332,440 ) (83,288 )

Gross profit 175,418 27,845
Other revenue 5,345 ,543
Selling and distribution expenses (25,469 ) (8,92 )
General and administrative expenses (13,752 ) (0,90 )
Other operating expenses (45 ) (350 )

Operating profits 141,497 99,207
Finance costs – (84 )

Profit before taxation 6 141,497 99,023
Taxation 7 (22,682 ) (5,44 )

Profits attributable to shareholders 118,815 83,609

Dividends 8
Interim dividend declared and paid
during the interim period – 95,34
Interim dividend declared of Nil
(2006: HK cent) per share – 0,790

– 06,3

Earnings per share 9
– basic 11.45 cents 0.27 cents

– diluted 11.45 cents N/A

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CONDENSED CONSOLIDATED BALANCE SHEET

At At
30 June 3 December
2007 2006

(Unaudited) (Audited)
Note RMB’000 RMB’000
Non-current assets
Lease premium on land 1,716 ,738
Property, plant and equipment 10 88,872 7,92

90,588 73,659

Current assets
Inventories 36,738 9,74
Trade receivables 11 281,448 29,258
Prepayments, deposits and other receivables 43,483 43,6
Cash and bank balances 398,985 402,445

760,654 684,578

Current liabilities
Trade payables 12 27,765 2,3
Accruals and other payables 36,564 35,486
Dividend payable 53 –
Amount due to a director 49 4
Tax payable 12,846 9,27

77,277 56,929

Net current assets 683,965 627,649

Total assets less current liabilities 773,965 70,308

Represented by:
SHARE CAPITAL 13 107,900 07,900
RESERVES 666,065 593,408

SHAREHOLDERS’ EQUITY 773,965 70,308

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NOTES TO THE CONDENSED FINANCIAL STATEMENTS

1. General
The Company was incorporated as an exempted company and registered in the Cayman Islands with limited liabilities.
The Company acts as an investment holding company. The subsidiaries of the Company are principally engaged in the
design, manufacture and sale of telecommunication equipment and related products, self-service communication payment
service business and agency business for telecommunication equipment in the PRC. The address of the Company’s
registered office is M&C Corporate Services Limited, PO Box 309GT, Ugland House, South Church Street, George
Town, Grand Cayman, Cayman Island and the principal place of business of the Company is Unit 2307, 23rd Floor,
Great Eagle Centre, 23 Harbour Road, Wanchai, Hong Kong.
2. Basis of preparation
The unaudited condensed consolidated financial statements have been prepared in accordance with the applicable
disclosure requirements of Appendix 6 to the Rules Governing the Listing of Securities on

The accounting policies used in the unaudited condensed consolidated financial statements are consistent with those
followed in the preparation of the Group’s annual financial statements for the year ended 3 December 2006.
In the current interim period, the Group has applied, for the first time, the following new standard, amendment and
interpretations (“new HKFRSs”) issued by the HKICPA, which are effective for the Group’s financial year beginning
January 2007.
HKAS (Amendment) Capital Disclosures
(a)
HKFRS 7 Financial Instruments: Disclosures
(a)
HK(IFRIC) – Int 7 Applying the Restatement Approach under HKAS 29 Financial Reporting in
Hyperinflationary Economies
(b)
HK(IFRIC) – Int 8 Scope of HKFRS 2
(c)
HK(IFRIC) – Int 9 Reassessment of Embedded Derivatives
(d)
HK(IFRIC) – Int 0 Interim Financial Reporting and Impairment
(e)
Notes:
(a)
Effective for annual periods beginning on or after January 2007.
(b)
Effective for annual periods beginning on or after March 2006.
(c)
Effective for annual periods beginning on or after May 2006.
(d)
Effective for annual periods beginning on or after June 2006.
(e)
Effective for annual periods beginning on or after November 2006.
The adoption of these new HKFRSs has had no material effect on the results or financial position of the Group for the
current or prior accounting periods. Accordingly, no prior period adjustment has been recognised.

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3. Summary of the effects of the changes in accounting policies
The Group has not early applied the following new standards or interpretations that have been issued but are not yet
effective.
HKAS 23 (Revised) Borrowing Costs
(a)
HKFRS 8 Operating Segments
(a)
HK (IFRIC) – Int- HKFRS 2: Group and Treasury Share Transactions
(b)
HK (IFRIC) – Int-2 Service Concession Arrangements
(c)
Notes:
(a)
Effective for annual periods beginning on or after January 2009.
(b)
Effective for annual periods beginning on or after March 2007.
(c)
Effective for annual periods beginning on or after January 2008.
The directors of the Company anticipate that the application of these standards or interpretations will have no material
impact on the results and the financial position of the Group.
4. Segment information
(i) Forthesixmonthsended30June2007
Self-service Agency business
Sales of communication for
telecommunication payment telecommunication
Products service business equipments Consolidated
RMB’000 RMB’000 RMB’000 RMB’000
Revenue 410,637 52,016 45,205 507,858

Segment result 139,622 2,594 1,709 143,925

Unallocated operation
income and expenses (2,428 )

Profit before taxation 141,497
Taxation (22,682 )

Net profit for the period 118,815

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(ii) During the six months ended 30 June 2006, more than 95% of the operating profits and assets are attributable to
the Group’s operations, manufacturing and sales of telecommunication products in the PRC. The Group derived
its revenue from three categories of products, namely communication terminal equipment, intelligent electronic
products and communication transmission connection products. As the nature of these products, their production
processes and the methods used to distribute these products are similar; they are combined and reported as a
single business segment. Accordingly, no analysis by geographical and business segment is presented herein.
5. Turnover and other revenue
Turnover represents the invoiced value of goods sold after deducting goods returned, trade discount and sale tax.
Turnover and other revenue consisted of:
Six months ended 30 June
2007 2006

(Unaudited) (Unaudited)
RMB’000 RMB’000
Turnover
Sales of telecommunication products 410,637 3,33
Self-service communication payment service business 52,016 –
Agency business for telecommunication equipments 45,205 –

507,858 3,33

Other revenue
Interest income 1,608 ,543
Exchange gain 3,737 –

5,345 ,543

Total revenue 513,203 32,676

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6. Profit before taxation
Profit before taxation is stated after charging the following:
Six months ended 30 June
2007 2006

(Unaudited) (Unaudited)
RMB’000 RMB’000
Amortisation of lease premium on land 22 22
Auditors’ remuneration 148 20
Cost of inventories 332,440 83,288
Depreciation 1,690 ,36
Less: Amount included in research and
development costs (148 ) (20 )

1,542 ,5

Staff costs (including directors’ remuneration)
Wages and salaries 38,366 8,626
Retirement scheme 503 444
Equity-settled share-based payment expenses 625 –

39,494 9,070

Less: Amount included in research and
development costs (12,546 ) (743 )

26,948 8,327

Interest expenses on bank loans wholly
repayable within 5 years – 7
Research and development costs 2,829 2,420
Operating lease payment in respect of premises 849 422

7. Taxation
Six months ended 30 June
2007 2006

(Unaudited) (Unaudited)
RMB’000 RMB’000
Current tax – PRC enterprise income tax provision for the year 22,682 5,44

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Notes:
(a) Fujian Create State Industry Co., Ltd. (“Fujian Create State”), which was formerly a sino-foreign equity joint
venture, was subject to PRC enterprise income tax at a rate of 5% (six months ended 30 June 2006: 5%)
applicable to the company on the assessable profits for the six months ended 30 June 2007 and is exempted from
the PRC enterprise income tax for two years starting from the first year of profitable operations after offsetting
prior year losses being the year ended 3 December 2000, followed by a 50% reduction for the next three years.
Commencing from 2002, the profit generated from Fujian Create State was subject to an income tax rate
of 7.5% being half of the corporate income tax rate applicable; such tax exemption was expired as at
3 December 2004.
With effect from 3 November 2003, Fujian Create State was changed from a sino-foreign equity joint venture to
a wholly foreign owned enterprise, and the tax concession remains unchanged.
(b) Fuzhou Wozhong Capacity System Co., Ltd., a wholly foreign owned enterprise, was subject to PRC enterprise
income tax at a rate of 33% applicable to the company on the assessable profits for the six months ended 30 June
2007. No provision for PRC enterprise income tax has been made as the company had no assessable profits for the
six months ended 30 June 2007. (six months ended 30 June 2006: Nil).
(c) Skyban Telecommunication (Fujian) Ltd., a wholly foreign owned enterprise, was subject to PRC enterprise
income tax at a rate of 5% applicable to the company on the assessable profits for the six months ended 30 June
2007 and is exempted from the PRC enterprise income tax for two years starting from the first year of profitable
operations after offsetting prior year losses, followed by a 50% reduction for the next three years. No provision for
PRC enterprise income tax has been made as the company had no assessable profits for the six months ended 30
June 2007 (six months ended 30 June 2006: Nil).
(d) No provision for Hong Kong profits tax has been made as the Group had no assessable profits for the period (six
months ended 30 June 2006: Nil).
(e) The Group had no significant unprovided deferred tax assets or liabilities at 30 June 2007 (2006: Nil).
8. Dividend
During the period, dividends paid and proposed to equity shareholders of the Company comprised:
(i) Dividends payable in respect of 2007
Six months ended 30 June
2007 2006

(Unaudited) (Unaudited)
HK$’000 HK$’000
Interim dividend declared and paid after the interim
period of Nil per share (2006: HK cent) – 0,375

RMB’000 RMB’000
Equivalent to – 0,790

Skyban (Note) – 95,34

Total – 06,3

The directors do not recommend the payment of interim dividend for the six months ended 30 June 2007. The
interim dividend for the six months ended 30 June 2006 has not been recognised as a liability at the balance
sheet date.
Note: During the six months ended 30 June 2006, Skyban International Holdings Limited (“Skyban”), a company of
the Group had paid dividends to their then shareholders prior to the Group Reorganisation.:

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(ii) Dividends in respect of 2006
Six months ended 30 June
2007 2006

(Unaudited) (Unaudited)
HK$’000 HK$’000
Final dividend in respect of the previous financial year approval
and paid during the interim period of HK4.33 cents per share
(2006: Nil) 44,924 –

RMB’000 RMB’000
Equivalent to 44,250 –

9. Earnings per share
(i) Basic earnings per share
The calculation of basic earnings per share is based on the profit attributable to ordinary equity holders of the
parent of approximately RMB8,85,000 (six months ended 30 June 2006: RMB83,609,000) and the weighted
average number of ,037,500,000 shares (2006: 83,382,98 shares) in issued during the period.
(ii) Diluted earnings per share
The calculation of diluted earnings per share is based on the profit attributable to ordinary equity shareholders of
the Company of RMB8,85,000 and the weighted average number of ordinary shares of ,037,683,978 shares,
calculated as follow:
Weighted average number of ordinary shares (diluted)
2007 2006

(unaudited) (unaudited)
’000 ’000
Weighted average number of ordinary shares at 30 June 1,037,500 ,037,500

Effect of deemed issued under the Company’s share
option scheme for nil consideration 184 –

Weighted average number of ordinary shares (diluted) at 30 June 1,037,684 ,037,500

Diluted earnings per share for the six months ended 30 June 2006 are not presented as there were no diluted
potential ordinary shares.
10. Property, plant and equipment
During the six months ended 30 June 2007, the Group acquired property, plant and equipment with a cost of
RMB8,648,000 (six months ended 30 June 2006: RMB485,000).

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11. Trade receivables
The Group normally grants credit terms of 90 days to its customers.
The ageing analysis of trade receivables is as follows:
At 30 June At 3 December
2007 2006

(Unaudited) (Audited)
RMB’000 RMB’000
0 to 30 days 111,125 70,37
3 to 60 days 84,472 72,376
6 to 90 days 83,033 72,96
9 to 80 days 2,818 4,549

281,448 29,258

12. Trade payables
The ageing analysis of trade payables is as follows:
At 30 June At 3 December
2007 2006

(Unaudited) (Audited)
RMB’000 RMB’000
0 to 30 days 25,569 ,554
3 to 60 days 2,092 458
6 to 90 days 72 87
9 to 80 days – –
80 to 365 days – –
over 365 days 32 32

27,765 2,3

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13. Share capital
Number of
shares Amount
Ordinary shares of HK$0. each ‘000 HK$’000
Authorised
Upon incorporation of the Company
(a)
2,000 200

Increase in authorised share capital
(b)
3,998,000 399,800

As at 31 December 2006 and 30 June 2007 4,000,000 400,000

Issued and fully paid
Issue of shares upon incorporation
(a)
,000 00

Issue of shares from the Reorganisation
(c)
59,000 5,900

Issue of shares through a placing and public offer
(d)
257,500 25,750

Capitalisation of share premium
(e)
720,000 72,000

As at 31 December 2006 and 30 June 2007 ,037,500 03,750

RMB’000
Equivalent to 07,900

Notes:
(a)
Upon incorporation on 5 June 2004, the Company had authorised share capital of HK$200,000, divided into
2,000,000 shares of HK$0.0 each. On the same date and on 26 July 2004, one subscriber’s share and 999,999
shares were allotted and issued as nil paid shares respectively, which were subsequently credited as fully paid at
par as noted in (c) below.
(b)
Pursuant to the written resolutions passed on 4 April 2006, the Company’s authorised share capital was increased
from HK$200,000 to HK$400,000,000 of a par value of HK$0.0 each by the creation of 3,998,000,000 additional
shares each ranking pari passu with the existing shares in all respects.
(c)
In preparation of the Company’s listing of its shares on the Main Board of the Stock Exchange, the Company
allotted and issued 59,000,000 shares, together with the ,000,000 shares allotted and issued on 5 June 2004 and
26 July 2004 as noted in (a) above, of HK$0.0 each, credited as fully paid, in exchange for the acquisition by the
Company of the entire share capital of Skyban, the then holding company of the Group on 4 April 2006.
(d)
In connection with the Company’s initial public offering, a total of 257,500,000 shares of HK$0.0 each were issued
at a price of HK$.26 per share of a total cash consideration, before expenses, of approximately HK$324,450,000.
Dealings in these shares on the Stock Exchange commenced on May 2006.

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(e)
Pursuant to the written resolutions passed on 4 April 2006, share premium of approximately HK$72,000,000
was capitalised for the issuance of 720,000,000 shares of HK$0.0 each on a pro-rata basis to the Company’s
shareholders on 4 April 2006.
14. Capital commitments
Capital commitments outstanding not provided in the interim financial report:
At 30 June At 3 December
2007 2006

(Unaudited) (Audited)
RMB’000 RMB’000
Contracted for
– prepaid lease payments 2,627 2,627
– the acquisition of property, plant and equipment 46,465 42,276

49,092 44,903

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BUSINESS REVIEW

For the six months ended 30 June 2007, the Group achieved satisfactory results with increased contributions
from sale of intelligent electronic products. The Group recorded a turnover of approximately RMB508
million, representing an increase of 63.2% as compared with the same period last year. Gross profit
increased to approximately RMB75 million, an increase of 37.2% against the same period last year.
Profit attributable to shareholders increased to approximately RMB9 million, representing an increase
of 42.%. Earnings per share were RMB.45 cents.
SALES OF TELECOMMUNICATION PRODUCTS

Sales of communication terminal equipment
Public telephone booths, public telephones and wireless business telephones, which are under the
communication terminal equipment category, are the principal products of the Group. For the six months
ended 30 June 2007, turnover derived from sales of Communication terminal equipment increased by
4.0% to approximately RMB206 million, accounting for approximately 40.5% of the Group’s total
turnover. Of that total, turnover derived from sales of public telephone booths increased by 9.4% to
approximately RMB26 million, accounting for approximately 24.8% of the Group’s total turnover, and
turnover derived from sales of public telephones and wireless business telephones increased by 6.5% to
approximately RMB80 million, accounting for approximately 5.7% of the Group’s total turnover. The
increase in turnover was mainly attributable to the increase in demand for telecommunication equipment
driven by economic growth and urbanization and the Group’s efforts in improving product quality.
Sales of intelligent electronic products
The Group’s intelligent electronic products comprise primarily of self-service smart card vending machines.
For the six months ended 30 June 2007, turnover derived from sales of intelligent electronic products
increased by 39.3% to approximately RMB44 million, accounting for approximately 28.3% of the Group’s
total turnover. The increase in turnover was mainly attributable to the growing popularity of distribution
of smart credit storage card for telecommunication services cards through smart card vending machines
and the Group introducing new models of smart card vending machines.
Sales of communication transmission connection products
The Group’s communication transmission connection products are devices which organize and connect
different components in telecommunication channels. They include optical distribution frames (“ODFs”)
and optical passive devices. For the six months ended 30 June 2007, turnover derived from sales of
Communication transmission connection products increased by 2.% to approximately RMB6 million
accounting for approximately 2.% of the Group’s total turnover. The increase in turnover was mainly the
result of the Group’s efforts in improving product quality and making sure its existing and new products
are competitively designed.

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Self-service communication payment service business
Since December 2006, the Group invested to install smart card vending terminal at various sites for selling
smart credit storage card for various telecommunication operators. On seeing the enormous Chinese market
for communication payment service, in December 2006, the Group ran a pilot programme in Fuzhou,
Fujian province, installing a number of smart card vending terminal in various residential districts and at
commercial buildings, shopping arcades and university student halls to sell smart credit storage card. By
30 June 2007, the Group had a total of 500 points-of-sale that has been installed a smart card vending
terminal. Sales of smart card was satisfactory, signalling a very promising market for the product. For the
six months ended 30 June 2007, turnover from selling telecommunication storage credit card from smart
card vending terminal amounted to approximately RMB52 million accounting for approximately 0.2%
of the Group's turnover.
Agency business for telecommunication equipments
As the Group owned a large market network in the PRC, we have raise the utilization rate of market resources
through outsourced agency business for telecommunication equipments, thus making the business more
profitable. Since March 2007, the Group commenced agency business for telecommunication equipments.
The Group adopted a stable supply and stable pricing market strategy. All products provided from the
suppliers will be directly channelled to the cooperative distribution network channel for sale, so that the
operation cost and the inventory management cost can be reduced to a minimum. For the six months ended
30 June 2007, turnover derived from the agency business amounted to approximately RMB45 million
accounting for approximately 8.9% of the Group's total turnover.
FINANCIAL REVIEW

Liquidity and financial resources
As at 30 June 2007, the Group had net assets of approximately RMB774 million comprising non-current
assets of approximately RMB9 million and net current assets of approximately RMB683 million.
As at 30 June 2007, the Group did not have any borrowings.
The Group’s cash and cash equivalents amounted to approximately RMB399 million as at 30 June 2007.
They were mostly denominated in RMB and Hong Kong dollars.
Capital commitments
As at 30 June 2007, the Group’s capital commitments in relation to prepaid lease payments and the
acquisition of properties, plant and equipment amounted to approximately RMB49 million.
Contingent liabilities
The Group had no contingent liabilities as at 30 June 2007.

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OUTLOOK

The Directors are optimistic about the Group’s business outlook. It expects sales from communication
terminal equipment, intelligent electronic products and communication transmission connection products
to be strong and continue to increase fueled by significant economic growth in the PRC. On the self-service
communication payment service business front, the Group will continue the trial program in the Fuzhou
area. If the result of the trial proved to be satisfactory, the Group will expand points-of-sale to other major
cities in the PRC. As the Group’s production facilities are already operating at relatively high utilization
rates, to meet anticipated demand for the Group’s products, and support production of new products, new
production facilities are being built to boost production capacity. Related works have been on schedule
and will be completed by the end of 2007. The Group is looking into setting up additional representative
offices in major cities in the PRC to expand its sales and marketing network. Regarding the plan to expand
into the Southeast Asia market, the Group is conducting detailed study on certain Southeast Asia countries.
Furthermore, with a view to promoting image and products, the Group will actively participate in trade
fare and exhibitions. In recognition of the importance of product enhancement, the Group has put efforts in
researching and developing more advanced and efficient products. The Group will also seek to improve its
financial result by taking effective measures to control manufacturing cost, selling and distribution costs,
administrative expenses and research and development expenditure and will strive to maintain debtors
turnover days and inventory turnover days at healthy levels.
EMPLOYEES AND REMUNERATION POLICIES

As at 30 June 2007, the Group had approximately 692 employees for its principal activities. Recognizing
the importance of retaining high caliber and competent staff, the Group provides competitive remuneration
packages to employees with reference to prevailing market practices and individuals performance. Other
various benefits, such as medical and retirement benefits, are also provided. In addition, share options may
be granted to eligible employees of the Group in accordance with the terms of the approved share option
scheme adopted by the Group.
PURCHASES, SALE OR REDEMPTION OF LISTED SECURITIES

There was no purchase, sale or redemption of the Company’s listed shares by the Company or any of its
subsidiaries during the six months ended 30 June 2007.
CORPORATE GOVERNANCE

The Group continues to achieve high standards of corporate governance which it believes is crucial to the
development of its business and to safeguarding the interests of the Company’s shareholders.

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The Company has also taken effective measures to ensure that it is in compliance with the code provisions
and as far as reasonably possible the recommended best practices of the Code on Corporate Governance
Practices (the “Corporate Governance Code”) which came into effect on January 2005. In the opinion
of the Board, the Company had also fully complied with the code provisions of the Corporate Governance
Code as set out in Appendix 4 of the Listing Rules throughout the accounting period ended 30 June
2007.

In compliance with the code provisions of the Corporate Governance Code, the Company has an Audit
Committee and a Remuneration Committee set up under the Board.
MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS

The Company has adopted the Model Code set out in Appendix 0 to the Listing Rules as the code of
conduct regarding securities transactions by the Directors. Having made specific enquiry with all Directors,
the Company confirmed that in respect of the six months ended 30 June 2007, all Directors had complied
with the required standard set out in the Model Code.
AUDIT COMMITTEE

The Company has an audit committee (the “Audit Committee”) which was established in accordance
with the requirements of the Corporate Governance Code and Rule 3.2 of the Listing Rules for the
purposes of reviewing and providing supervision over the Group’s financial reporting process and internal
controls. The Audit Committee comprises three independent non-executive Directors, namely Mr. Zheng
Qingchang, Mr. Yu Lun and Mr. Yun Lok Ming. The Audit Committee meets regularly with the Company’s
senior management and the Company’s auditors to consider the Company’s financial reporting process,
the effectiveness of internal controls, the audit process and risk management.
REMUNERATION COMMITTEE

The Company has a remuneration committee (the “Remuneration Committee”) with written terms of
reference in compliance with the Corporate Governance Code as set out in Appendix 4 to the Listing
Rules. The primary duties of the remuneration committee are to review and determine the terms of
remuneration packages, bonuses and other compensation payable to the Directors and senior management.
The Remuneration Committee has three members, all independent non-executive Directors, namely Mr.
Zheng Qingchang, Mr. Yu Lun and Mr. Yun Lok Ming. Mr. Zheng Qingchang is the chairman of the
committee.
NOMINATION COMMITTEE

The Company has a nomination committee (the “Nomination Committee”) with written terms of reference
in compliance with Appendix 4 to the Listing Rules. The primary duties of the nomination committee
are to make recommendations to the board of Directors on appointment of Directors and management of
the succession of the board of Directors. The Nomination Committee has three members, all independent
non-executive Directors, namely Mr. Zheng Qingchang, Mr. Yu Lun and Mr. Yun Lok Ming. Mr. Zheng
Qingchang is the chairman of the committee.

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PUBLICATION OF INTERIM RESULTS ON THE WEBSITE OF THE STOCK EXCHANGE OF
HONG KONG LIMITED

The interim report of the Company for the six months ended 30 June 2007 containing all the information
required by paragraphs 46() to 46(6) of Appendix 6 of the Listing Rules will be published on the website
of The Stock Exchange of Hong Kong Limited and dispatched to shareholders in due course.
APPRECIATION

On behalf of the Board, I would like to take this opportunity to express our gratitude to all staff for their
devoted efforts and hard work.
By Order of the Board
YU Longrui
Chairman and Chief Executive Officer
Hong Kong, 6 August 2007
As at the date of this announcement, the Board comprises:
Executive Directors: Independent Non-executive Directors:
YU Longrui (Chairman and Chief Executive Officer) ZHENG Qingchang
ZHENG Feng YU Lun
CHAN Wai Chuen YUN Lok Ming
YANG Yahua
YEUNG Shing