Sino Resource provided group earnings guidance for the year ending March 31, 2013. For the year, the company reported group shall record a significant decrease in revenue and a significant loss for the year ended 31 March 2013 as compared to the corresponding period in 2012. The expected reduction in revenue and significant loss are mainly attributable to (i) the expiry of both the Master Project Management Agreement with Group Idea International Limited on 5 April 2012 and the Sales Agency Agreement with Kenfair Exhibition (Hong Kong) Limited on 31 October 2012 respectively of the Group's exhibition business; (ii) minimal revenue generated from Heilongjiang Derong Coal Industrial Co.

Ltd. as mentioned in the company's interim report for 2012; (iii) a significant increase in impairment loss due to a decline in the carrying value of goodwill attributable to the poor performance of Derong; and (iv) increased finance costs and interest expenses as compared to the corresponding period in 2012. The possible impairment loss is a non-cash accounting treatment in accordance with Hong Kong Financial Reporting Standards and it will have no effect on the cash flow for the Group's operation.