Tsun Yip Holdings Limited provided group earnings guidance for the nine months ended December 31, 2011. For the period, the company expects significant loss as compared to the profit for the same period in 2010. Such loss is primarily attributable to the costs incurred in connection with the acquisition of the entire issued share capital of Xinhua TV Asia-Pacific Operating Co., Limited; full recognition of share-based payment expenses upon cancellation of share options arrangement; amortization on television broadcasting right upon completion of the Acquisition; incurrence of interest expenses for promissory note and convertible notes; business development expenses; and other legal and professional fees.