Pacific Andes International Holdings Ltd. announced unaudited group financial results for the second quarter and six months ended March 28, 2013. For the quarter, the company reported revenue of HKD 2,490,654,000 against HKD 3,320,524,000 a year ago. Profit before tax was HKD 370,490,000 against HKD 519,906,000 a year ago. Profit for the period was HKD 453,544,000 against HKD 493,933,000 a year ago. Profit attributable to owners of the company was HKD 322,168,000 against HKD 333,009,000 a year ago. Net cash from operating activities was HKD 2,837,277,000 against HKD 223,439,000 a year ago. Purchase of property, plant and equipment was HKD 55,181,000 against HKD 296,470,000 a year ago. Earnings per ordinary share on a fully diluted basis were 6.72 cents against 10.34 cents a year ago. EBITDA decreased by 20.3% from HKD 860,900,000 to HKD 686,400,000 a year ago. For the six months ended March 28, 2013, the company reported revenue of HKD 4,869,081,000 against HKD 5,771,834,000 a year ago. Profit before tax was HKD 590,392,000 against HKD 738,742,000 a year ago. Profit for the period was HKD 697,197,000 against HKD 711,549,000 a year ago. Profit attributable to owners of the company was HKD 521,139,000 against HKD 472,620,000 a year ago. Net cash from operating activities was HKD 3,749,404,000 against HKD 736,808,000 a year ago. Purchase of property, plant and equipment was HKD 88,947,000 against HKD 447,582,000 a year ago. Earnings per ordinary share on a fully diluted basis were 10.88 cents against 14.80 cents a year ago. EBITDA decreased by 14.2% from HKD 686,400,000 to HKD 1,168,200,000 a year ago.

Pacific Andes International Holdings Ltd. is seeking acquisitions. Ng Joo Siang, Vice Chairman and Managing Director of Pacific Andes, said that it will actively consider carrying out more acquisitions in future.

Pacific Andes International Holdings Ltd., Special/Extraordinary Shareholders Meeting, Mar 18, 2013., at 09:30 China Standard Time. Location: Dynasty I, 7/F, The Dynasty Club. Agenda: To consider and ratify the acquisition of an equity interest of between 50.01% to 100% (both numbers inclusive) of all issued shares and securities representing any issued shares; and to consider and authorize any one of the directors of the Company to do all such further acts.