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(EXCEL TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED)Tj
/G2 1 Tf
6.2263 -1.2549 TD
0.0000 Tc
0.0000 Tw
<0080>Tj
/F-12 1 Tf
0.9463 0 TD
( )Tj
/G2 1 Tf
0.2469 0 TD
<049b>Tj
/F-12 1 Tf
1.0491 0 TD
( )Tj
/G2 1 Tf
0.2537 0 TD
<14bf>Tj
/F-12 1 Tf
1.0423 0 TD
( )Tj
/G2 1 Tf
0.2537 0 TD
<07c5>Tj
/F-12 1 Tf
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( )Tj
/G2 1 Tf
0.2537 0 TD
<04a6>Tj
/F-12 1 Tf
1.0423 0 TD
( )Tj
/G2 1 Tf
0.2537 0 TD
<0a37>Tj
/F-12 1 Tf
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( )Tj
/G2 1 Tf
0.2537 0 TD
<10e7>Tj
/F-12 1 Tf
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( )Tj
/G2 1 Tf
0.2606 0 TD
<0a9b>Tj
/F-12 1 Tf
1.0423 0 TD
( )Tj
/G2 1 Tf
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<0670>Tj
/F-12 1 Tf
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( )Tj
/G2 1 Tf
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<03de>Tj
/F-12 1 Tf
1.0423 0 TD
( )Tj
/G2 1 Tf
0.2537 0 TD
<0822>Tj
/F-12 1 Tf
1.0491 0 TD
( )Tj
/G2 1 Tf
0.2537 0 TD
<02ae>Tj
/F-12 1 Tf
1.0423 0 TD
( )Tj
/G2 1 Tf
0.2537 0 TD
<0321>Tj
/F-12 1 Tf
1.0491 0 TD
( )Tj
/G2 1 Tf
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<0081>Tj
/F-12 1 Tf
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(*)Tj
/F-11 1 Tf
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0.0023 Tw
[(\(Incorpor)7.9(ated in Bermuda with limited liability\))]TJ
/F-12 1 Tf
14 0 0 14 234.5 683.08 Tm
0.0092 Tc
0.0028 Tw
[(INTERIM RESUL)88.8(TS FOR THE)]TJ
-1.2943 -1.14 TD
0.0090 Tc
0.0033 Tw
(SIX MONTHS ENDED 30 JUNE 2003)Tj
12 0 0 12 64.22 636.76 Tm
-0.0012 Tc
-0.0377 Tw
[(Characteristics of The Gr)17(o)18.8(wth Enter)6.5(prise Mark)5.3(et \()]TJ
/F2 1 Tf
21.6075 0 TD
[(ÒGEMÓ\) of The Stock Exchange of Hong K)31.1(ong Limited)]TJ
-21.6075 -1.25 TD
0.0123 Tc
0.0013 Tw
(\(the ÒExchangeÓ\))Tj
0 -2.5 TD
0.0087 Tc
-0.0055 Tw
[(GEM has been established as a mark)13.3(et designed to accommodate co)]TJ
29.4257 0 TD
[(mpanies to which a high in)44.6(v)8.8(e)0.1(stment)]TJ
-29.4257 -1.25 TD
-0.0014 Tc
-0.0360 Tw
[(risk may be attached. In particular)96(, companies may list on GEM )]TJ
27.1714 0 TD
[(with neither a track r)22.2(ecord of pr)23.8(of)20.2(itability)]TJ
-27.1714 -1.25 TD
0.0194 Tc
0.0178 Tw
[(nor any obligation to f)28.2(o)0(r)12.8(ecast futur)23.1(e pr)19.4(of)21.8(itability)78.4(. Furthermor)]TJ
27.7 0 TD
[(e, ther)14.5(e may be risks arising out of the)]TJ
-27.7 -1.25 TD
0.0001 Tc
-0.0321 Tw
[(emer)15.4(ging natur)11.9(e of companies listed on GEM and the b)27.9(usiness sec)]TJ
27.7969 0 TD
(tors or countries in which the companies)Tj
-27.7969 -1.25 TD
0.0103 Tc
-0.0011 Tw
[(operate. Pr)18.4(ospecti)16.2(v)10.3(e)0( in)38.2(v)10.3(estors should be awar)13.4(e of the potential)]TJ
27.1705 0 TD
[( risks of in)44.1(v)10.3(esting in such companies and)]TJ
-27.1705 -1.25 TD
0.0085 Tc
-0.0064 Tw
[(should mak)12.5(e the decision to in)43.1(v)8.5(est only after due and car)18.7(eful c)]TJ
26.9095 0 TD
[(onsideration. The gr)21.5(eater risk pr)19.6(of)20(ile and)]TJ
-26.9095 -1.25 TD
0.0038 Tc
-0.0211 Tw
[(other characteristics of GEM mean that it is a mark)17.7(et mor)15.6(e suit)]TJ
27.1616 0 TD
[(ed to pr)22.6(ofessional and other sophisticated)]TJ
-27.1616 -1.25 TD
0.0126 Tc
0.0000 Tw
[(in)39.2(v)12.6(estors.)]TJ
0 -2.5 TD
0.0150 Tc
0.0093 Tw
[(Gi)16(v)5(en the emer)11.4(ging natur)12.2(e of companies listed on GEM, ther)22.3(e is )]TJ
28.6445 0 TD
(a risk that securities traded on GEM)Tj
-28.6445 -1.25 TD
0.0246 Tc
0.0284 Tw
[(may be mor)23(e susceptible to high mark)10.8(et v)13.9(olatility than securiti)]TJ
28.4521 0 TD
(es traded on the Main Board and no)Tj
-28.4521 -1.25 TD
0.0119 Tc
0.0033 Tw
[(assurance is gi)12.3(v)11.9(en that ther)18.6(e will be a liquid mark)5.5(et in the se)]TJ
26.5198 0 TD
(curities traded on GEM.)Tj
-26.5198 -2.5 TD
0.0010 Tc
-0.0318 Tw
[(The principal means of inf)27(ormation dissemination on GEM is publ)]TJ
28.1687 0 TD
[(ication on the inter)25.6(net website operated)]TJ
-28.1687 -1.25 TD
0.0118 Tc
0.0021 Tw
[(by the Exchange. Listed companies ar)21.5(e not generally r)17.6(equir)16.9(ed to)]TJ
28.204 0 TD
( issue paid announcements in gazetted)Tj
-28.204 -1.25 TD
0.0174 Tc
0.0139 Tw
[(newspapers. Accordingly)57.1(, pr)23.6(ospecti)6.1(v)7.4(e)0( in)41.6(v)7.4(estors should note that)]TJ
28.3719 0 TD
[( they need to ha)28.5(v)7.4(e)0( access to the GEM)]TJ
-28.3719 -1.25 TD
0.0122 Tc
0.0026 Tw
[(website in order to obtain up-to-date inf)30(ormation on GEM-listed)]TJ
28.3131 0 TD
[( issuers.)]TJ
/F-11 1 Tf
-28.3131 -2.5 TD
0.0105 Tc
-0.0003 Tw
[(The Exc)12.3(hang)12.1(e tak)18.3(es no r)34.9(esponsibility for the contents of this a)]TJ
25.4699 0 TD
[(nnouncement, mak)6(es no r)44.9(epr)34.6(esentation as to its)]TJ
-25.4699 -1.25 TD
0.0117 Tc
0.0017 Tw
[(accur)15.4(acy or completeness and e)22.1(xpr)38.1(essly disclaims any liability )]TJ
26.1155 0 TD
[(whatsoe)15.3(ver for any loss howe)17.4(ver arising fr)45.1(om)]TJ
-26.1155 -1.25 TD
0.0119 Tc
0.0032 Tw
[(or in r)35.7(eliance upon the whole or any part of the contents of th)]TJ
25.4497 0 TD
(is announcement.)Tj
-25.4497 -2.5 TD
0.0216 Tc
0.0226 Tw
[(This announcement, for whic)23(h the dir)28.9(ector)13.2(s \(the )]TJ
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