Solartech International Holdings Ltd. provided consolidated earnings guidance for the fiscal year ended June 30, 2013. Based on preliminary review by the board of directors of the company of the unaudited consolidated management accounts of the group, the board informed the shareholders of the company and potential investors that the group is expected to record a greater loss for the year ended 30 June 2013 as compared to the loss recorded for the corresponding year of 2012. Based on the relevant information currently available to the company, the board considered that the loss was mainly attributable to: the reduction in turnover caused by the recent deterioration in the global macro economic environment; the loss on change in fair value of derivative financial instruments; and the impairment loss recognized in respect of mining rights.