Yue Yuen Industrial (Holdings) Limited reported unaudited consolidated earnings results of the first quarter ended March 31, 2013. For the quarter, the company reported profit attributable to owners of the company was approximately $61.6 million against $123.03 million for the same period a year ago. Turnover was $1,709.48 million against $1,701.4 million for the same period a year ago. Profit before taxation was $55.6 1 million against $123.47 million for the same period a year ago. Excluding all items of non-recurring operating in nature, the recurring operating profit for the current period amounted to about $60.6 million, a decrease of 33.4% as compared with the same period last year.

Yue Yuen Industrial (Holdings) Limited reported unaudited consolidated revenue results for the month and year to date ended April 30, 2013. The company reported net consolidated operating revenue of the company of USD 644,461,000. Tor the four months, the company reported Net consolidated accumulative operating revenue of the company of USD 2,353,939,000.

Yue Yuen Industrial (Holdings) Limited announced that based on the unaudited consolidated management accounts of the group, the performance of the group in the first three months ended 31 March 2013 has demonstrated a significant downturn year on year and therefore the group's results are expected to be adversely and materially affected for the first interim period. The change in operating results of the group was mainly due to the following reasons: (i) rising input costs affecting manufacturing operations; ii) relocation and allocation of production capacity for the manufacturing operations which affected operating efficiency and thus operating profit; and (iii) a significant portion of last year's net profit was derived from non-recurrent and one-off items. To deal with the change in operating results of the company, the Board will continue to undertake various production efficiency implementations and try every means to contain the rising costs with the aim to improving its business.