Issued,

Capital reserves

Revenue reserves

Total

Total

Subscribed

Reserve

Securities

reserves

and paid-up

for issue

price

capital

Statutory

of bonus

fluctuation

Unappropriated

Note

reserve

shares

reserve

profit

Balance as at July 1, 2003 -

as previously reported

300,000,000

48,871,226

-

-

50,484,913

99,356,139

399,356,139

Effect of change in accounting policy

Appropriations declared subsequent

to the year end - added back

3.1

- Dividend

-

-

-

-

60,000,000

60,000,000

60,000,000

Balance as at July 1, 2003 - restated

300,000,000

48,871,226

-

-

110,484,913

159,356,139

459,356,139

Effect of change in accounting policy

Appropriations declared subsequent

to the year end

- Dividend

-

-

-

-

(60,000,000)

(60,000,000)

(60,000,000)

Net profit for the half-year

-

-

-

-

62,225,800

62,225,800

62,225,800

Balance as at December 31, 2003

300,000,000

48,871,226

-

-

112,710,713

161,581,939

461,581,939

Balance as at July 1, 2004 -

as previously reported

300,000,000

72,243,516

30,000,000

15,000,000

67,915,040

185,158,556

485,158,556

Effect of change in accounting policy

Appropriations declared subsequent

to the year end - added back

- Dividend

-

-

-

-

30,000,000

30,000,000

30,000,000

- Bonus share

-

-

(30,000,000)

-

30,000,000

-

-

Balance as at July 1, 2004 - restated

300,000,000

72,243,516

-

15,000,000

127,915,040

215,158,556

515,158,556

Effect of change in accounting policy

Appropriations declared subsequent

to the year end

- Dividend

-

-

-

-

(30,000,000)

(30,000,000)

(30,000,000)

- Bonus share

-

-

30,000,000

-

(30,000,000)

-

-

Net profit for the half-year

-

-

-

-

28,948,727

28,948,727

28,948,727

Transferred during the half-year

30,000,000

-

(30,000,000)

-

-

(30,000,000)

-

Balance as at December 31, 2004

330,000,000

72,243,516

-

15,000,000

96,863,767

184,107,283

514,107,283

The annexed notes from 1 to 13 form an integral part of these financial statements.