The board of directors of Hong Kong Food Investment Holdings Limited announced that based on the information currently available, the company is expected to record a loss for the year ending March 31, 2013. The loss is mainly attributable to the slow recovery and weak selling prices in the frozen meat trading market which affected the profit of the Group. As the company is still in the process of finalizing its consolidated final results for the year ending March 31, 2013, the information contained in this announcement is only based on a preliminary assessment by the management according to the information currently available to it and is not based on any figures or information that has been audited or reviewed by the auditors or the audit committee of the company.