Epicurean and Company Limited provided consolidated earnings guidance for the first quarter ended June 30, 2012. The company expects to record an increase in loss for the three months ended June 30, 2012 as compare with the loss of the for the three months ended June 30, 2011. Based on the current information available, the expected increase in loss of the Group for the three month ended June 30, 2012 was mainly attributable to the one-off non-recurrent loss for the period from discontinued operations in the sum of approximately HKD 4.8 million in relation to the disposal of all the business of the provision of information solutions and design, development and sale of application software packages and the operating loss which was mainly attributable to the soaring operating expenses, especially in raw materials, labour and overheads.

For the disposal of the I.T. Business.