Applied Development Holdings Limited. provided earnings guidance for the six months ended December 31, 2012. The Group is expected to record a slight profit for the six-month interim period ended December 31, 2012 as compared to a loss for the corresponding six-month interim period ended December 31, 2011.

The Board believes that such possible profit is mainly due to a slight profit resulting from (i) an increase in fair value of investment properties classified as held for sale; (ii) a decrease in administration expenses as compared to an extra-ordinary litigation incurred in connection with litigation proceeding with a former director of the Company, Ms. Wong Kar Gee, Mimi during the corresponding six months period ended December 31, 2011 and (iii) net gain on disposal of financial assets at fair value through profit or loss for the six months ended December 31, 2012 as compared to a net loss for the corresponding six months period ended December 31, 2011.