The Board of Directors of Yong Tai Berhad announced that the company has on 10 May 2013 incorporated a wholly-owned subsidiary known as YTB Development Sdn. Bhd. in Malaysia. The intended principal activities of YTB Development is property development and construction. The authorised share capital of YTB Development is MYR 400,000.00 divided into 400,000 ordinary shares of MYR 1.00 each and the initial paid-up capital is MYR 100.00 divided into 100 ordinary shares of MYR 1.00 each.

Yong Tai Berhad announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported revenues of MYR 16,973,000 compared with MYR 18,784,000 for the same period a year ago. Loss before taxation was MYR 176,000 compared with MYR 562,000 for the same period a year ago. Loss from continuing operations was MYR 148,000 or 0.36 sen per basic share compared with MYR 573,000 or 1.53 sen per basic share for the same period a year ago. Net loss attributable to equity holders of the company was MYR 146,000 or 0.36 sen per basic share compared with MYR 351,000 or 1.26 sen per basic share for the same period a year ago. For the six months, the company reported revenues of MYR 36,823,000 compared with MYR 35,670,000 for the same period a year ago. Profit before taxation was MYR 113,000 compared with loss before taxation of MYR 1,479,000 for the same period a year ago. Loss from continuing operations was MYR 44,000 or 0.09 sen per basic share compared with MYR 1,497,000 or 4.00 sen per basic share for the same period a year ago. Net loss attributable to equity holders of the company was MYR 35,000 or 0.09 sen per basic share compared with MYR 755,000 or 3.13 sen per basic share for the same period a year ago. Net cash from operating activities was MYR 4,010,000 compared with MYR 6,267,000 for the same period a year ago. Purchase of equipment was MYR 750,000 compared with MYR 768,000 for the same period a year ago. The increase in turnover was mainly generated by retailing, trading, and manufacturing of garment industries. The Board of Directors are of the opinion that the Group's performance is expected to be moderate for the next quarter.

Yong Tai Bhd reported unaudited consolidated earnings results for the first quarter ended September 30, 2012. For the quarter, the company reported revenue of MYR 19,850,000 compared to MYR 16,887,000 a year ago. Profit before tax was MYR 289,000 compared to loss before tax of MYR 916,000 a year ago. The better performance was mainly due to lower operating and administrative cost in garments retail segment. Profit from continuing operations was MYR 104,000 compared to loss from continuing operations of MYR 556,000 a year ago. Net profit attributable to equity holders of the company from continuing operations was MYR 111,000 or 0.28 sen per basic share against net loss attributable to equity holders of the company from continuing operations of MYR 988,000 or 2.46 sen per basic share a year ago. Net profit attributable to equity holders of the company was MYR 111,000 compared to loss attributable to equity holders of the company of MYR 749,000 a year ago. Basic earnings per share attributable to equity holders of the company was 0.28 sen compared to loss per basic share attributable to equity holders of the company of 1.87 sen a year ago. Net cash from operating activities was MYR 1,640,000 compared to net cash used in operating activities of MYR 1,078,000 a year ago. Purchase of property, plant and equipment was MYR 363,000 compared to MYR 516,000 a year ago. The increase in turnover was mainly due to cyclical result of the retailing, trading, and manufacturing garment industries.