Qin Jia Yuan Media Services Co. Ltd. provided earnings guidance for the fifteen months ended December 31, 2012. For the period, the company expects to record a loss as compared to the profit of HKD 54,468,000 for the year ended September 30, 2011.

The expected loss was mainly attributable to the one-off financial impact from the early redemption of the interest bearing convertible bonds in the aggregate principal amount of HKD 90,669,693 due 2015 issued by the company to First Media Holdings Ltd., comprising effective interest of approximately HKD 50 million in accordance with Hong Kong Accounting Standard 32 and 39, which will not have any cash flow impact, and early redemption premium of approximately HKD 10 million, decrease in turnover of approximately HKD 250 million and potential impairment of certain aged trade and other receivables which is mainly related to advertising business that would not be further developed and of certain aged airtime payments paid to PRC television channels, the amount of the impairment is to be further ascertained.