The board of directors of IPE Group Limited reported that the operating environment of the Group's hard disk drives business remains difficult. As a result, the turnover from the HDD business segment has shown no sign of improvement for the third quarter of 2013. If this trend continues and with the loss recorded by the Group for the six months ended June 30, 2013, the Group's results for the year ending December 31, 2013 may be significantly lower than in 2012.