Based on a preliminary review by the board of directors of Wing Lee Holdings Ltd. of the unaudited consolidated management accounts of the group for the six months ended June 30, 2013, the group expects to record a loss for the six months ended June 30, 2013 as compared to a profit for the corresponding period in 2012. The company believes that this is primarily due to a decline of about 20% in the group's revenue for the six months ended 30 June 2013 (when compared to the same period in 2012) and a write-down on the carrying value of fixed assets which the company management expects to make. The group's financial results for the first half of 2013 may be further affected (positively or negatively) by the impact of the special interim dividend declared by the Board on February 19, 2013 and the spin-off listing of WLP.