The board of directors of Fountain Set Holdings Ltd. announced that Dr. YEN Gordon will be re-designated from an Executive Director to a Non-executive Director of the company and the effective date will be subject to the shareholders' approval for the re-election of Dr. YEN Gordon as director of the company at the annual general meeting of the company to be held on 31 May 2013. Dr. YEN Gordon, aged 43, joined the Group in 1999 as the Assistant to Chairman and was promoted to an Executive Director in 2004, then assumed the additional role of Chief Financial Officer on 6 July 2012. However, he will resign from the related daily operational duties upon his re-designation as Non-executive Director on 31 May 2013.

Fountain Set Holdings Ltd. announced that the Board has resolved not to pay any final dividend for the sixteen months ended December 31, 2012. The company paid 1.0 cents per share for the twelve months ended August 31, 2011.

Fountain Set Holdings Ltd. reported audited consolidated earnings results for the sixteen months ended December 31, 2012. Revenue was HKD 9,167,089,000. Loss before taxation was HKD 333,457,000. Loss for the period was HKD 337,761,000. Loss for the period attributable to owners of the company was HKD 324,167,000. Basic and diluted loss per share was 33.5 cents. The company invested approximately HKD 99,396,000 in the additions of property, plant and equipment. EBITDA approximately amounted to HKD 101, 251,000. The company provided capital expenditure guidance for 2013. The Group expected that the capital expenditure for the next financial year will be approximately HKD 160,000,000.