youyue international ltd (YYUE) Snapshot

Youyue International Limited announced group earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenue from the packaging segment was RMB 45.0 million compared to RMB 40.0 million for first quarter of 2012, representing an increase of 12.5%. The group recorded a small net loss attributable to owners of the company of RMB 1.1 million compared to a net profit of RMB 0.5 million for first quarter of 2012 from the packaging segment. The loss was mainly attributable to foreign exchange loss of RMB 0.5 million in compared to a foreign exchange gain of RMB 0.7 million in the first quarter of 2012. The group's net equity attributable to owners of the company decreased slightly from RMB 19.0 million to RMB 18.1 million mainly due to the losses incurred in first quarter of 2013. Group's external bank borrowings increased from RMB 53.1 million as at 31 December 2012 to RMB 60.5 million as at 31 March 2013.

Youyue International Limited filed its Annual on Apr 17, 2013 for the period ending Dec 31, 2012. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Youyue International Limited, Annual General Meeting, Apr 29, 2013., at 14:30 Singapore Standard Time. Location: CAPITAL TOWER LEVEL 9, FTSE ROOM. Agenda: To receive and adopt the director’s report and the audited accounts of the company for the year ended December 31, 2012 together with the auditor report; to re-elect directors of the company; to approve the payment of directors fees of SGD 80,000 for the year ended December 31, 2012 (2011: SGD 72,000); to re-appoint Messrs Ernst & Young LLP as the auditors of the company and to authorize the directors of the company; to transact any ordinary business which may properly be transacted at an annual general meeting; to approve authority to issue shares; and to renewal of shareholders mandate for the interested person transaction.