The board of directors of EPI (Holdings) Limited expected to record a further increase in loss for the period ended 30 June 2013 as compared with the unaudited loss for the corresponding period ended 30 June 2012. The increase in loss is mainly attributable to the recognition of share-based payment expenses as a result of the share options granted by the company and the expected loss on fair value change due to the recognition of convertible notes at fair value in accordance with the International Financial Reporting Standards by the company during the six months ended 30 June 2013.