Zhong Fa Zhan Holdings Limited provided earnings outlook for six months ended September 30, 2012. For the period, the company expects to record a loss as compared to a profit for the corresponding period in 2011. Based on the financial information currently available to the Group, the loss is mainly attributable to: the company has issued share options to the directors of the Company and other eligible participants in June 2012, the fair value of the Share Options has been recorded as an expense to the company in the reporting period as required by the Hong Kong Financial Reporting Standard 2 -- Share-based Payment (HKFRS 2) issued by the Hong Kong Institute of Certified Public Accountants; (ii) in the corresponding period in 2011, significant profit was generated from the Group's now discontinued operations, which does not recur in current period; (iii) additional production costs and administrative expenses following the group reorganization in 2011.