The Board of Directors of Asia Fashion Holdings Limited announced that after preliminary assessment of the Group's draft unaudited financial results for the second quarter ended June 30, 2013, the board announced that the Group is expected to record a significant drop in its revenue and report an operating loss for second quarter 2013. The significant drop in its financial performance for second quarter 2013 was mainly attributed to:- decrease in sales and average selling prices in fabrics businesses; and Increase in other operating expenses arising from the compensation payable to customers.