The board of directors of TC Orient Lighting Holdings Limited announced that it is expected that the group will record a significant loss for the year ended 31 December 2012 as compared to the corresponding period in 2011 as the turnover and gross profit margin in both printed circuit board business and light-emitting diode lighting business decreased, mainly due to weakening global demand for PCB and strong competition in LED lighting and the group have made impairment losses for its property, plant and equipment, intangile assets, and trade receivable with extended credit terms, and other receivables.