09:03     CENTURY C INT'L<00355> - Results Announcement (3)                   

                                                                              
    5.      The calculation of basic earnings per ordinary share is based on  
    the net profit from ordinary activities attributable to ordinary          
    shareholders for the year of HK$802.6 million (2003 - HK$414.2 million)   
    and on the weighted average of 6,248.3 million (2003 - 4,056.8 million)   
    ordinary shares of the Company in issue during the year.                  
                                                                              
    The calculation of diluted earnings per ordinary share for the year ended 
    31st December, 2004 is based on the adjusted net profit from ordinary     
    activities attributable to ordinary shareholders for the year of HK$698.8 
    million and on the adjusted weighted average of 16,982.7 million ordinary 
    shares of the Company that would have been in issue during the year       
    assuming (i) all outstanding convertible bonds (including optional        
    convertible bonds) of the Regal group were converted into, and the        
    subscription rights attaching to all outstanding warrants of Regal were   
    exercised to subscribe for, ordinary shares of Regal at the beginning of  
    the year or their respective dates of issue, whichever is later; (ii) all 
    the 1,990.0 million convertible preference shares of Paliburg Holdings    
    Limited were converted into the same number of ordinary shares of Paliburg
    at the beginning of the year; (iii) all the 11,020.0 million exchangeable 
    preference shares of Almighty International Limited were exchanged into   
    the same number of ordinary shares of the Company at the beginning of the 
    year; and (iv) all the 7,356.6 million convertible preference shares of   
    the Company were converted into the same number of ordinary shares of the 
    Company at the date of issue. The conversion of the outstanding           
    convertible preference shares of Regal is anti-dilutive for the year. In  
    addition, the exercise prices of share options of Paliburg and Regal      
    outstanding during the year are higher than the average market prices of  
    the respective ordinary shares of Paliburg and Regal and, accordingly,    
    they have no dilutive effect on the basic earnings per ordinary share.    
                                                                              
    The calculation of diluted earnings per ordinary share for the year ended 
    31st December, 2003 was based on the adjusted net profit from ordinary    
    activities attributable to ordinary shareholders for that year of HK$171.4
    million and on the adjusted weighted average of 17,216.8 million ordinary 
    shares of the Company that would have been in issue during that year      
    assuming (i) all outstanding convertible preference shares and convertible
    bonds (including optional convertible bonds) of the Regal group were      
    converted into ordinary shares of Regal at the beginning of that year; and
    (ii) all the 3,450.0 million convertible preference shares of Paliburg    
    were converted into the same number of ordinary shares of Paliburg, of    
    which 3,350.0 million shares were acquired by the Company through issuing 
    13,400.0 million ordinary shares of the Company pursuant to the relevant  
    terms under a Share Swap Agreement, at the beginning of that year. The    
    exercise prices of share options of Paliburg and Regal outstanding during 
    that year were higher than the average market prices of the respective    
    ordinary shares of Paliburg and Regal and, accordingly, they had no       
    dilutive effect on the basic earnings per ordinary share.                 
                                                                              
    For more details, please refer to the press announcement today.