Karce International Holdings Co. Ltd. provided profit guidance for six months ended June 30, 2013. For the period, the board of directors of the company expects to record a significant increase in consolidated net profit of the group as compared with that for the corresponding period in 2012.

The company said that the significant increase in the net profit of the group for the Interim Period was mainly attributable to the net effect of derecognition of certain of the group's assets and liabilities arising from the cancellation of the convertible bonds of the company issued to Taiwan Micro Display Corp. at the book value following the completion of a very substantial disposal on March 5, 2013; and the cancellation of the convertible bonds of the company issued to China Eagle Development Limited and Fairtime International Limited at the book value, and the cancellation of the outstanding Promissory Notes issued by a subsidiary of the company to China Eagle following the judgment handed down in favour of the group in the High Court Action 1660 of 2012.