Hengyang Petrochemical Logistics Limited provided group earnings guidance for the full year of 2013. The Board of Directors of the company announced that following a preliminary assessment of the unaudited financials for fiscal year 2013, the group is expected to register a loss-making year. This was mainly due to a non-recurring extraordinary expenditure of approximately RMB 7.9 million in professional fees incurred in relation to the proposed subscription, the proposed conversion of shares and the proposed acquisition; a foreign exchange loss of approximately RMB 4.8 million, as well as lower revenue generated from its storage business.