The board of directors of TC Orient Lighting Holdings Limited announced that based on preliminary review of the unaudited management accounts of the company for the eleventh months ended November 30, 2012, it is expected that the company will record a loss for the year ended December 31, 2012 as compared to the corresponding period in 2011 as the turnover and gross profit margin in both printed circuit board (PCB) business and light-emitting diode lighting business decreased, mainly due to weakening global demand for PCB and strong competition in LED lighting.