Yuxing InfoTech Investment Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s turnover was HKD 152,869,000 against HKD 242,462,000 a year ago. Loss from operations was HKD 11,764,000 against profit from operations of HKD 2,240,000 a year ago. Loss before taxation was HKD 18,679,000 against profit before taxation of HKD 611,000 a year ago. Loss for the period was HKD 18,679,000 against HKD 400,000 a year ago. Loss attributable to owners of the parent was HKD 16,286,000 or 0.93 cents per basic and diluted share against HKD 400,000 or 0.02 cents per basic and diluted share a year ago. The company’s Board has declared an interim dividend of HKD 0.05 per share for the quarter ended March 31, 2013. The interim dividend will be payable on June 24, 2013 to those shareholders whose names appear on the register of members on June 7, 2013.

The Board of Yuxing InfoTech Investment Holdings Limited has declared an interim dividend of HKD 0.05 per share for the first quarter ended March 31, 2013 compared to nil dividend for the three months ended March 31, 2012. The interim dividend will be payable on June 24, 2013 to those shareholders whose names appear on the register of members on June 7, 2013.

The board of directors of Yuxing InfoTech Investment Holdings Limited informed the shareholders of the company and potential investors that it is expected to record a significant increase in the loss attributable to owners of the parent in respect of the unaudited consolidated results of the ccompany and its subsidiaries for the first quarter ended 31 March 2013 as compared with the loss attributable to owners of the parent for the corresponding period last year. Such significant increase in the loss attributable to owners of the parent of the company was mainly attributable to a significant decrease in the overall turnover and gross profit of the group; and imputed interest expenses for the three months ended 31 March 2013 in respect of the non-current portion of settlement fee payable to the Guangdong Jianlibao Group Company Limited or its designated entities. This significant decrease in overall turnover and gross profit of the group was mainly attributable to the weakened order procurement sentiment of customers in the first quarter of 2013 which has contributed to a softened the demand for the group's products.