Australia won the tournament by beating Lithuania, 126–92, in the final, for their maiden title.

[1] The tournament was supposed to be held in Penang and Kuala Lumpur, Malaysia,[2] however due to 2002–2004 SARS outbreak, on 25 May 2003, FIBA Central Board decided to move the competition to another venue.

[3] 1Asia has 3 slots allotted and Malaysia qualified to the world championships as the initial hosts of the competition before it was relocated to Greece.

2Europe has 4 slots allotted and Greece qualified to the world championships as third placers.

As Greece became the tournament hosts, fifth placer Turkey qualified to fill up the remaining European slot as a result.