Fairson Holdings Limited provided consolidated earnings guidance for the nine months ended December 31, 2012. The board of directors of the company informed the shareholders of the company and potential investors of the company that the Group is expected to record a significant increase in the unaudited consolidated net loss for the nine months ended 31 December 2012 as compared with the unaudited consolidated net loss for the nine months ended 31 December 2011. Based on the preliminary review of the unaudited financial information currently available, the Board believes that the significant increase in the unaudited consolidated net loss was mainly attributable to (i) the operating loss in the business segment of copper wires, of which this business operation had been ceased since late September 2012; (ii) the decrease in the profit margin as a result of the intensified market competition under the global economic downturn; and (iii) the increased staff costs partly due to the increasing minimum wage level of the staff in the People's Republic of China.