Pacific Plywood Holdings Ltd. provided earnings guidance for the year ended December 31, 2011. For the period, the company expected to record a loss mainly due to an impairment loss of available-for-sale investments (that is the group's investment in Simsen International Corporation Limited). This profit warning announcement is only based on preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2011, which have not yet been finalised and will be subject to the final review of the company and its auditor.