10:57     UNIVERSAL HOLD<00419> - Announcement (11)                           

                                                                              
    Net cash used in                                                          
      investing activities        (500        )        -                 -    
            (70,996        )        (71,496        )        -                 
            (71,496        )                                                  
                                                                              
                                                                              
                                                                              
    Net cash inflow/(outflow)                                                 
      before financial                                                        
      activities        14,510                -                 -             
    (71,053        )        (56,543        )        -                         
    (56,543        )                                                          
                                                                              
                                                                              
                                                                              
    Financing activities                                                      
    Increase in paid-up                                                       
      capital        -                 -                 -                    
    26,168                26,168                -                             
    26,168                                                                    
    Increase in capital                                                       
      contribution        -                 -                 -               
    -                 -                 100,000                4              
    100,000                                                                   
    Increase in amount due                                                    
      to fellow subsidiary        3,217                -                 -    
            -                 3,217                -                          
    3,217                                                                     
    Increase in amounts due                                                   
      to related parties        -                 -                 -         
            45,031                45,031                -                     
    45,031                                                                    
    Repayment of                                                              
      short-term loans        (20,000        )        -                 -     
            -                 (20,000        )        -                       
    (20,000        )                                                          
                                                                              
                                                                              
                                                                              
    Net cash (used in)/from                                                   
      financial activities        (16,783        )        -                   
    -                 71,199                54,416                100,000     
                    154,416                                                   
                                                                              
                                                                              
                                                                              
    (Decrease)/increase                                                       
      in cash and cash                                                        
      equivalents        (2,273        )        -                 -           
    146                (2,127        )        100,000                         
    97,873                                                                    
    Cash and cash equivalents                                                 
      at 1 January        16,425                -                 -           
    81                16,506                -                         16,506  
                                                                              
                                                                              
                                                                              
    Cash and cash equivalents                                                 
      at 31 December        14,152                -                 -         
            227                14,379                100,000                  
    114,379                                                                   
                                                                              
                                                                              
                                                                              
    Analysis of balances                                                      
      of cash and cash                                                        
      equivalents                                                             
    Cash and bank balances        14,152                -                 -   
            227                14,379                100,000                  
    4        114,379                                                          
                                                                              
                                                                              
                                                                              
    Notes to unaudited pro forma consolidated cash flow statement:            
                                                                              
    1.        For the purposes of the unaudited pro forma consolidated cash   
    flow statement, the audited cash flow statements of Anglo Alliance and    
    Hao Ge which are denominated in RMB have been translated into Hong Kong   
    dollars at an exchange rate of RMB1.07 = HK$1.                            
                                                                              
    2.        Adjustment is made for the amortisation of estimated goodwill   
    arising from the acquisition of the Anglo Alliance Group in accordance    
    with HK SSAP 30 issued by the HKICPA. For illustrative purposes, the      
    estimated goodwill is amortised over 20 years on a straight-line basis.