UBA INVESTMENTS<0768> - Results Announcement (Summary)

UBA Investments Limited announced on 8/6/2001:
(stock codes: Ord: 768 & War: 352)
Year end date: 31/3/2001
Currency: HK$                                               (Audited)
                                           (Audited)        Last
                                           Current          Corresponding
                                           Period           Period
                                           from 1/4/2000    from 8/6/1999
                                           to 31/3/2001     to 31/3/2000

Turnover                                 : 36,380,471       29,594,909
Profit/(Loss) from Operations            : (25,974,875)     17,395,270
Finance cost                             : (16,741)         (11,669)
Share of Profit/(Loss) of Associates     : 0                0
Share of Profit/(Loss) of
  Jointly Controlled Entities            : 0                0
Profit/(Loss) after Tax & MI             : (25,172,043)     14,741,601
% Change over Last Period                : N/A
EPS/(LPS)-Basic                          : (2.47 cents)     2.78 cents
         -Diluted                        : (2.24 cents)     2.78 cents
Extraordinary (ETD) Gain/(Loss)          : 0                0
Profit/(Loss) after ETD Items            : (25,172,043)     14,741,601
Final Dividend per Share                 : NIL              NIL
(Specify if with other options)          : -                -
B/C Dates for Final Dividend             : N/A
Payable Date                             : -
B/C Dates for Annual General Meeting     : 27/7/2001 to 31/7/2001 bdi.
Other Distribution for Current Period    : N/A
B/C Dates for Other Distribution         : N/A

Remarks:

1. Basis of presentation

The Company was incorporated with limited liability as an exempted company 
in the Cayman Islands on November 4, 1999 under the Companies Law (1998 
Revision) of the Cayman Islands.

Super Idea International Limited ("Super Idea") was incorporated with 
limited liability in the British Virgin Islands on June 8, 1999.

On December 22, 1999, the Company and Super Idea underwent a group 
reorganisation to rationalise the group structure in preparation for the 
listing of the Company's shares on The Stock Exchange of Hong Kong Limited 
(the "Stock Exchange"), and the Company became the holding company of 
Super Idea.

2. Principal accounting policies

The audited financial statements have been prepared in accordance with the 
same principal accounting policies and on a basis consistent with those 
adopted in the annual financial statements for the year ended 31 March 
2000.

3. Analysis of Turnover

                                        April 1, 2000   June 8, 1999
                                        To              To
                                        March 31, 2001  March 31, 2000 
                                        HK$             HK$
                        
Proceeds from sale of listed securities 35,036,022      28,844,063
Dividend income from listed securities  1,344,449       750,846
                                        ----------------------------------
                                        36,380,471      29,594,909
                                        ==================================
 
4. (Loss) profit before operations

                                        April 1, 2000   June 8, 1999 
                                        To              To
                                        March 31, 2001  March 31, 2000
                                        HK$             HK$
                        
Auditors' remuneration                  
- Current year / period                 96,000          100,000
- Overprovision in prior period         (2,000)         0
                                        -----------------------
                                        94,000          100,000
Investment management fee               1,519,716       335,397
Staff costs                             462,846         136,674
Provision for permanent diminution in value   
  of investment in unlisted equity 
  securities                            1,415,000       0
                                        ========================

5. Loss (earning) per share

The basic (loss) earnings per share is based on the loss of HK$25,172,043 
(2000: net profit HK$14,741,601) and the weighted average of 
1,017,553,282 (2000: 530,134,230) ordinary shares in issue during the 
year / period.

The basic earnings per share for 2000 has been adjusted for the bonus 
issue of shares during the year on the basis of nine new shares for every 
one share then held by the shareholders.

The diluted loss per share for the year is based on 1,123,545,113 ordinary 
shares which was the weighted average number of ordinary shares in issue 
during the year plus the weighed average of 105,991,831 ordinary shares 
deemed to be issued at no consideration if all outstanding warrants had 
been exercised.

6. Comparative figures

The comparative figures have been reclassified to conform with the current 
year presentation.