The board of directors of Pacific Plywood Holdings Limited announced that the group is expected to record a significant increase in the amount of net profit for the six months ended June 30, 2013 as compared with the corresponding period in 2012. The expected increase in net profit was mainly attributable to the fair value gain of convertible instruments designated as financial assets at fair value through profit or loss. The announcement is based on the preliminary review on the unaudited consolidated management accounts of the group for the six months ended June 30, 2013.