China Innovationpay Group Limited provided earnings outlook for the year ended December 31, 2013. For the period, the group expects to report a loss after tax as compared to a profit after tax for the year ended December 31, 2012. Based on the information available for the time being, the Board considers that, compared to the corresponding period in 2012, the expected loss for the year ended 31 December 2013 was mainly due to the decrease in the turnover and gross profit of the Group during the year; the adjustments for research and development costs being written off; amortization of share base payment for the year; and the accrual of convertible bond imputed interest for the year as required under HKFRS 7 and HKAS 39.