The board of directors of the Rising Development Holdings Limited announced that based on preliminary assessment of the unaudited consolidated management accounts of the Group and information currently available, the Group expects to record an increase in loss for the year ended 31 March 2013, compared with the loss for the corresponding year in 2012. Such increase in loss was mainly attributable to the unrealised loss on investments in listed financial assets at fair value through profit or loss and fair value change on derivative components embedded in convertible notes and impairment loss on exploration and evaluation assets.