PDF《HC INTERNATIONAL, INC. 慧聪国际资讯有限公司*》

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1 C HC INTERNATIONAL, INC.

慧聪国际资讯有限公司*(Incorporated in the Cayman Islands with limited liability) (Stock Code: 8292) FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31ST DECEMBER

2005 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET ( GEM ) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE STOCK EXCHANGE ) GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. Furthermore, there may be risks arising out of the emerging nature of companies listed on GEM and the business sectors or countries in which the companies operate. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM. The principal means of information dissemination on GEM is publication on the internet website operated by the Stock Exchange. GEM-listed companies are not generally required to issue paid announcements in gazetted newspapers. Accordingly, prospective investors should note that they need to have access to the GEM website http://www.hkgem.com in order to obtain up-to-date information on GEM-listed issuers. The Stock Exchange takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement, for which the directors (the Directors ) of HC International, Inc. (the Company , together with its subsidiaries, the Group ) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the GEM Listing Rules ) for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this announcement is accurate and complete in all material respects and not misleading;

(2) there are no other matters the omission of which would make any statement in this announcement misleading;

and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable. This announcement will remain on the GEM website at http://www.hkgem.com on the Latest Company Announcements page for at least

7 days from the day of its posting. C

2 C The figures in respect of the preliminary announcement of the Group'

s results for the year ended 31st December

2005 have been agreed by the Group'

s auditors, PricewaterhouseCoopers, to the amounts set out in the Group'

s consolidated financial statements for the year. The work performed by PricewaterhouseCoopers in this respect did not constitute an assurance engagement in accordance with Hong Kong Standards on Auditing, Hong Kong Standards on Review Engagements or Hong Kong Standards on Assurance Engagements issued by the Hong Kong Institute of Certified Public Accountants and consequently no assurance has been expressed by PricewaterhouseCoopers on the preliminary announcement. MANAGEMENT DISCUSSION AND ANALYSIS Financial Review For the financial year ended 31st December, 2005, the Group generated a turnover of approximately RMB320,519,000 and RMB133,771,000 for each of the continuing operations and discontinued operations, respectively (2004: RMB313,498,000 and RMB149,065,000 respectively). For the continuing operations, there is a slight increase of approximately 2% in turnover as compared to that in 2004. Due to the weak performance in the Group'