Yearly Results announcement form Name of listed company : Capinfo Company Limited Stock code : 8157 Year end date : 31 December 2001 Auditors' report : Qualified Modified X Neither Important Note : This result announcement form only contains extracted information from and should be read in conjunction with the detailed results announcement of the issuer, which can be viewed on the GEM website at http://www.hkgem.com Currency: RMB'000 (Audited) (Audited) Final Results Announcement Current Last Corresponding Period Period from 01/01/2001 from 01/01/2000 to 31/12/2001 to 31/12/2000 RMB'000 RMB'000 Turnover : 149,745 49,854 Profit/(Loss) from Operations : -8,657 -5,054 Finance cost : -695 -973 Share of Profit/(Loss) of Associates : -771 -126 Share of Profit/(Loss) of Jointly Controlled Entites : 0 0 Profit/(Loss) after Taxation & MI : -9,933 -6,153 % Change Over the Last Period : N/A % EPS / (LPS) - Basic : (0.5)cents (0.4)cents - Diluted : N/A N/A Extraordinary (ETD) Gain/(Loss) : 0 0 Profit (Loss) after ETD Items : -9,933 -6,153 Final Dividend per Share : 0 0 (specify if with other options) : N/A N/A B/C Dates for Final Dividend : N/A to N/A bdi. Payable Date : N/A B/C Dates for AGM/SGM : 09/04/2002 to 10/05/2002 bdi. Other Distribution for Current Period: N/A B/C Dates for Other Distribution : N/A to N/A bdi. (bdi: both days inclusive) For and on behalf of Capinfo Company Limited Signature : Name : Andrew Lo Wai Tat Title : Company Secretary Responsibility statement The directors of the Company (the "Directors") as at the date hereof hereby collectively and individually accept full responsibility for the accuracy of the information contained in this results announcement form (the "Information") and confirm, having made all reasonable inquiries, that to the best of their knowledge and belief the Information are accurate and complete in all material respects and not misleading and that there are no other matters the omission of which would make the Information herein inaccurate or misleading. The Directors acknowledge that the Stock Exchange has no responsibility whatsoever with regard to the Information and undertake to indemnify the Exchange against all liability incurred and all losses suffered by the Exchange in connection with or relating to the Information. Remark: 1. REORGANISATION AND BASIS OF PREPARATION OF FINANCIAL STATEMENTS China Information Highway Corporation ("CIHC"), the predecessor of Capinfo Company Limited (the "Company"), was established in Beijing, the People's Republic of China (the "PRC") on 23rd January, 1998 as a limited liability company. Following the restructuring of CIHC in July 2000, CIHC was reorganised into the Company in which shares were issued by the Company to the shareholders of CIHC (the "Reorganisation"). The Company was established in Beijing, the PRC on 14th July, 2000 as a joint stock limited company. Upon establishment, the Company continued to carry on the business activities of CIHC as detailed below. Accordingly, the results and cash flows for the year ended 31st December, 2000 has been prepared to present the combined results of CIHC, the Company and the Company's subsidiaries, as a continuing reporting entity as if the Reorganisation had been completed as of 1st January, 2000. Following the consent from the China Securities Regulatory Commission ("CSRC") on 31st October, 2001, the Company��s overseas-listed foreign shares ("H Shares") were listed on the Growth Enterprise Market (the "GEM") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 21st December, 2001. The financial information as set out herein have been prepared under historical cost convention as modified for the revaluation of investments in securities and recognition of assets received from non-reciprocal transfers. The principal accounting policies adopted are in accordance with accounting principles generally accepted in Hong Kong. 2. TURNOVER Turnover represents the aggregate of the net amounts received and receivable from third parties in connection with the provision of e-Government technology services, e-Commerce technology services and internet services. 3. LOSS PER SHARE The calculation of the basic loss per share is based on the net loss for the year of RMB9,933,000 (2000: RMB6,153,000) and the weighted average number of 2,214,339,411 shares in issue during the year (2000: 1,662,490,151 shares as if the Reorganisation and the sub-division of the Company's shares as described in the paragraph headed "Resolutions passed at the Company's shareholders' meetings" in Appendix VI to the Prospectus had been completed as of 1st January, 2000. No diluted loss per share (2000:none) has been presented as the effect of the potential shares outstanding during the year was anti-dilutive.