New Focus Auto Tech Holdings Limited provided earnings guidance for the year ended December 31, 2013. For the year, the board expects the group to record a substantial increase in net loss for the year ended December 31, 2013 as compared to that for the year ended December 31, 2012. This substantial increase in net loss was mainly attributable to the expected writing-off of goodwill and intangible assets arising from the decrease in the profit generated by, and therefore reduction in the valuation of, the group's subsidiaries that were acquired in the previous years.

This profit warning announcement is made on the basis of the preliminary assessment by the Board of the unaudited management accounts of the group, which have not been audited or reviewed by the auditors of the company.