The Board of Modern Media Holdings Limited currently estimates that the Group will suffer a relatively significant drop in profit for the year ending 31 December 2013, as compared with that for the year ended 31 December 2012. The drop in profit is principally attributable to a moderate decline in the Group's turnover, and a relatively larger increase in operating and other costs and expenses owing to the increase of investment by the Group in digital media business development in the current year.