13:33     YUGANG INT'L<00613> - Results Announcement (2)                      

    3.       Earnings/(loss) per share                                        
    The calculation of basic earnings per share for the year is based on the  
    net profit from ordinary activities attributable to shareholders for the  
    year of HK$227,416,000 (2003: HK$107,267,000) and the weighted average    
    number of 8,453,321,700 (2003: 8,453,321,700) ordinary shares in issue    
    during the year.                                                          
                                                                              
            The calculation of diluted earnings per share for the year is     
    based on the net profit from ordinary activities attributable to          
    shareholders for the year of HK$230,531,000(2003: HK$111,392,000) as      
    adjusted for the interest saving on the conversion of the convertible note
    into ordinary shares of the Company. The weighted average number of       
    ordinary shares used in the calculation is the sum of the number of       
    ordinary shares in issue during the year used in the basic earnings per   
    share calculation of 8,453,321,700, and the weighted average of 877,808,  
    219 (2003: 909,090,909) ordinary shares assumed to have been issued at no 
    consideration on the deemed conversion of all convertible notes into      
    ordinary shares of the Company during the year.