HL Technology Group Limited provided consolidated earnings guidance for the period ended June 30, 2012. Based on a preliminary review of the unaudited consolidated management accounts of the Group for the period ended 30 June 2012 and assessment of the currently available information of the Group by the Board, despite a challenging and difficult period for the global 3Cs industries which is in line with the global economic uncertainties and slowdown in the first half of 2012, it is expected that the Group will record a revenue growth and maintain profitable for the period ended 30 June 2012. The Board however expects that there will be a decline in net profit for the period ended 30 June 2012 as compared to the period ended 30 June 2011 due to reasons including (i) the significant increase in operating expenses, including selling and distribution expenses and research and development expenses, as the Group continues to invest in new products and markets that will only gradually begin to have revenue contribution from 2013 onwards; (ii) the general increase in labor cost in the first half of 2012; and (iii) the slight decrease in average selling price of some of the Group's products due to the slowdown in the global 3Cs products industries. Despite the expected decline in net profit for the period ended 30 June 2012, the Board considers that the overall financial performance of the Group remains healthy in such challenging operating environment.