The board of directors of Same Time Holdings Ltd. informed the shareholders of the company and the potential investors that, based on the preliminary assessment of the management accounts of the company and its subsidiaries and information currently available to the company, there may be a substantial increase in the loss of the group for the year ended March 31, 2013 as compared to the last year, which is mainly attributable to a loss arising from the fair value change of the convertible redeemable bond.