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additional amounts of prepayments for property,plant and equipment written off(96,566)Less:additional amounts of impairment loss of construction-in-progress(16,346)Less:underprovision for depreciation charge for the year 2002(1,373)Add:Minority interests 30,746Less:miscellaneous(625)Audited loss attributable to shareholders(144,684)AUDITORS’REPORTIn their report,the auditors draw attention to the following fundamental uncertainty,and haveincluded the following paragraph in their report:In forming our opinion,we have considered the adequacy of the disclosures made in note 2 tothe financial statements concerning the adoption of the going concern basis on which thefinancial statements have been prepared.As explained in note 2 to the financial statements,theGroup is currently undertaking a number of measures to relieve its current liquidity difficulties,including the rescheduling of the repayment terms of certain of the Group’s banking facilities,the procurement of new banking facilities and new equity financing.The financial statementshave been prepared on a going concern basis,the validity of which depends upon the successfuloutcome of the measures undertaken,the ongoing support of the Group’s bankers and otherfinancial institutions.The financial statements do not include any adjustments that may benecessary should the implementation of such measures become unsuccessful.We consider thatthe fundamental uncertainty has been adequately accounted for and disclosed in the financialstatements and our opinion is not qualified in this respect.DIVIDENDSThe Board does not recommend the payment of a final dividend for the year ended 31 December2002(2001:Nil).BUSINESS REVIEWReview of operationsDuring the year under review,there were no significant changes in the Group’s principal businessand operations which remained the production and distribution of differential chemical fibreproducts. —9—NOTICE OF ANNUAL GENERAL MEETINGNOTICE IS HEREBY GIVEN THAT an Annual General Meeting of China Specialised FibreHoldings Limited(the“Company”)will be held at Room 1904,World Trade Centre,280Gloucester Road,Causeway Bay,Hong Kong on Friday,16 January 2004 at 3:00 p.m.for thefollowing purposes:ORDINARY BUSINESS1.To receive and consider the audited financial statements and the reports of the Directorsand Auditors for the year ended 31 December 2002;2.To re-elect Directors and to authorise the Board of Directors to fix Directors’remuneration;3.To re-appoint Auditors and to authorise the Board of Directors to fix Auditors’remuneration;SPECIAL BUSINESSTo consider and,if thought fit,pass with or without amendments,the following resolutions 4,5,6 as an ordinary resolution:4.“THAT:(a)subject to paragraph(c)below,the exercise by the directors of the Company(the“Directors”)during the Relevant Period(as hereinafter defined)of all the powers ofthe Company to allot,issue and deal with additional shares in the capital of theCompany and to make or grant offers,agreements and options which might requirethe exercise of such powers be and is hereby generally and unconditionally approved;(b)the approval in paragraph(a)shall authorise the Directors during the Relevant Periodto make or grant offers,agreements and options which might require the exercise ofsuch power after the end of the Relevant Period;(c)the aggregate nominal value of share capital allotted or agreed conditionally orunconditionally to be allotted(whether pursuant to an option or otherwise)by theDirectors pursuant to t