The board of directors of Prosperity Investment Holdings Ltd. announced that, based on the preliminary review of the unaudited management accounts of the company and its subsidiaries (together the 'group'), the group expects to record a substantial reduction in loss for the year ended December 31, 2012, as compared with the loss for the year ended December 31, 2011, primarily due to the following reasons: reduction in impairment for available-for-sales investment and fair value adjustments for held-for trading investments; and higher profit recognised on disposals of subsidiaries and available-for-sales investment.