Tern Properties Company Limited provided earnings guidance for the year ended March 31, 2013. The board of directors of the company informed the shareholders of the company and potential investors that the Group is expected to record a significant increase in profit for the year ended March 31, 2013 as compared to the profit for the year ended March 31, 2012. Such increase in profit was mainly attributable to the increase in fair value of the Group's investment properties as a result of the current economic conditions.

The board of directors of Tern Properties Company Limited announced that HLM CPA Limited has been appointed by the Board as the auditors of the company with effect from January 28, 2013 to fill the casual vacancy occasioned by the resignation of HLM & Co. and HLM CPA will hold office until the conclusion of the forthcoming annual general meeting of the company. On January 28, 2013, the company was informed by HLM & Co. that on January 16, 2013, the practice of HLM & Co. as partnership was reorganised as HLM CPA as a limited company. As such, HLM & Co. has to resign as auditors of the company and HLM CPA Limited will continue to serve as auditors of the company.

Tern Properties Company Ltd. reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company reported turnover of HKD 37,639,000 compared to HKD 35,300,000 a year ago. Profit from operations was HKD 43,013,000 compared to HKD 313,000 a year ago. Profit before taxation was HKD 45,237,000 compared to loss before taxation of HKD 2,499,000 a year ago. Profit and total comprehensive income for the period and attributable to owners of the company was HKD 41,131,000 or 13.36 cents per basic share compared to loss and total comprehensive expenses for the period and attributable to owners of the company of HKD 6,188,000 or 2.01 cents per share a year ago. Net cash generated from operating activities was HKD 25,474,000 compared to HKD 24,177,000 a year ago. The group acquired certain property, plant and equipment with an aggregate carrying amount of approximately HKD 4,816,000 compared to HKD 231,000 a year ago. The profit was due to the unrealized gain on securities investments upon revaluation and higher rental income during the period. The Board of Directors has declared an interim dividend of 2.0 cents against 1.8 cents per share amounting to HKD 6,155,170 payable on December 20, 2012 to the shareholders whose names appear on the Register of Members on December 13, 2012.