The board of directors of China Railsmedia Corporation Ltd. announced that, based on a preliminary review of the group's management accounts, the Group is expected to record a significant increase in the loss for the six months period ended 30 September 2013 as compared with the corresponding period in year 2012, which was mainly due to (1) an impairment loss on other receivables of the group is recognized and (ii) the increase in imputed interests expenses in respect of the outstanding promissory notes. The company is still in the process of finalizing the interim results of the group for the six months period ended 30 September 2013. The information contained in this announcement is only a preliminary assessment by the management of the company based on the group's management accounts currently available and have not been audited or reviewed by the auditor of the company.