The board of directors of Harmonic Strait Financial Holdings Limited informed the shareholders of the company and potential investors of the company that, based on the information currently available, the loss of the Group for the six months ended 30 June 2013 is expected to decrease substantially as compared with that of 2012. The Board considers that the anticipated decrease in the Group's loss is primarily attributable to no impairment loss on the goodwill of the credit guarantee and investment business is recognized for the six months ended 30 June 2013. Nevertheless, such decrease in the Group's loss is offset partly by the weakening of the exporting business and the fact that there was an investment return on the disposal of equity interest of the investment project in respect of a piece of land in Beijing, the PRC for the six months ended 30 June 2012 whereas there is none for the six months ended 30 June 2013.