Modern Media Holdings Limited provided earnings guidance for the five months ended May 31, 2013. The board of directors of the Company announced the shareholders of the Company and potential investors that after the review of the unaudited consolidated management accounts of the Group for the five months ended May 31, 2013, the Group's revenue and net profit experienced a drop as compared with that for the same period in 2012. Based on the information currently available to the Company, the decrease in revenue and net profit was mainly attributable to the slowdown in the pace of economic growth in China which led to the decrease in advertising placement by customers on print media.

Also, as for long-term development, the Group increased the investment in new media business development in the first-half of the year.