Integrated Waste Solutions Group Holdings Limited provided earnings guidance for the year ended March 31, 2013. The company currently anticipated that the Group may record a net loss for the year ended March 31, 2013. Compared to the net loss of the Group for the year ended March 31, 2012 of HKD 2,152,716,000, the Board, based on the information currently available to the Board, anticipates that the net loss of the Group for the year ended March 31, 2013 may be substantially less than that for the year ended March 31, 2012.

The expected decrease in net loss was mainly attributable to the loss on de-consolidation of certain subsidiaries of the Group and impairment of amounts due from the De-consolidated subsidiaries incurred in the year ended March 31, 2012, but not incurred in the year ended March 31, 2013.