The board of directors of the Shaanxi Northwest New Technology Industry Co. announced that the company is expected to record a significant loss for the year ended December 31, 2013 as compared to the profit attributable to the owners of the company recorded for the year ended December 31, 2012. In the opinion of the Board, such significant loss was mainly attributable to provisions made by the company in respect of a portion of the other receivables in prior years.