The board of directors of Wai Chun Mining Industry Group Company Limited informed the shareholders of the company and potential investors that the audited consolidated results of the company and its subsidiaries for the year ended December 31, 2011 is expected to record a loss as compared to the profit recorded for the year ended December 31, 2010. The expected loss of the group was mainly attributable to the absence of the gain on disposal of subsidiaries of the group recorded in the last year.