Neo-Neon Holdings Limited provided earnings guidance for the year ended March 31, 2013. The board of directors of the company announced that based on the board's preliminary review of the unaudited management accounts of the group for the year ended March 31, 2013, the company expects to record a significant loss for the year ended March 31, 2013. The significant loss was due to a decrease in turnover and gross profit margin in the LED lighting business given the weakening global demand and fierce competition in the LED lighting industry.

Further, the group expects to make significant impairment losses on its property, plant and equipment after a preliminary discussion between the company's management and its independent auditors.