The board of directors of the company informed to shareholders and potential investors of the company that based on information currently available, the Board estimates that the group is expected to record a greater loss for the six months ended June 30, 2013 than the loss for the corresponding period in 2012. The reasons for the loss include but not limited to provision for doubtful debt (if any), decrease in turnover and decline in the group's gross profit margin as a result of poor market situation and economic slowdown in China.