Applied Development Holdings Limited. provided group earnings guidance for the six months ended December 31, 2011. The group is expected to record a loss for the six-month interim period ended 31 December 2011 as compared to a profit for the corresponding six-month interim period ended 31 December 2010. The Board believes that such possible loss is mainly due to losses resulting from a decrease in rental income resulting from the disposal of the entire issued share capital of Applied Electronics Limited by the group in March 2011 which held investment properties and an extra-ordinary litigation cost incurred in connection with litigation proceedings involving a former director of the company, Ms. Wong Kar Gee, Mimi during the period.