The board of directors of Hua Lien International (Holding) Company Limited announced that based on the preliminary assessment by the board of the unaudited consolidated management accounts of the group for the financial year ended December 31, 2013, the group expected to record a substantial increase in loss attributable to the equity holders of the Company for the financial year ended December 31, 2013 as compared with the loss for the financial year ended December 31, 2012. Based on the information currently available, such a loss of the Group was mainly attributable to a substantial impairment loss on assets of Ethanol Biofuel Business in Benin for reason of forecast of a significant decline in the long-term profitability and the substantial operating loss for the newly acquired sugar business in Jamaica continued for the second half of 2013.