The Board of ShiFang Holding Limited announced the Shareholders and potential investors that based on information currently available, the Group is expected to record a loss for the six months period ended 30 June 2013. Based on information currently available to the Group, the factors attributable to the loss include, (a) continued adjustment measures made by the PRC government towards the real estate industry; (b) decline in business revenue; and (c) continued uncertainty in the recoverability of certain trade receivables and the continued need to record a provision for bad debts.