The board of directors of Rising Development Holdings Limited informed the shareholders of the company and potential investors that based on preliminary assessment of the unaudited consolidated management accounts of the Group and information currently available, the Group expects to record a significant decrease in the net loss for the six month ended 30 September 2013, compared with the loss for the corresponding period in 2012. Such significant decrease in loss was mainly attributable to the fair value change on derivative components embedded in convertible notes and write-back of impairment loss on exploration and evaluation assets. The loss for the period ended 30 September 2013 was mainly due to unrealised loss on investments in listed financial assets at fair value through profit or loss and imputed interest expenses on convertible notes.