The board of directors of Universe International Holdings Ltd. announced that the net loss of the group for the year ended June 30, 2013 is expected to substantially decrease as compared to the net loss of the Group for the corresponding year ended June 30, 2012. The expected decrease in net loss of the group was mainly attributable to: higher gross profit contribution from licensing of non-newly released film and television series which had been fully amortised in the previous years; increase in fair value of investment properties; satisfactory performance of the local film exhibition business; and (iv) absence of one-off share-based compensation expense and provision for impairment of available-for-sale financial assets as recorded during the year ended June 30, 2012.