Asia Enterprises Holdings Ltd. provided earnings guidance for the fourth quarter and year ended December 31, 2012. Based on a preliminary review of the Group's unaudited financial results for fourth quarter of 2012, the Group expects to report a loss in fourth quarter of 2012, as compared to a net profit recorded in fourth quarter of 2011. This is attributable to the following factors: Lower revenue in fourth quarter of 2012 as compared to fourth quarter of 2011 as order flow remained weak and selling prices were weaker than a year ago due to competitive pressure in the steel distribution industry.

The Group expects its financial performance for fiscal 2012 to remain profitable, albeit substantially lower than fiscal 2011 as a result of the weak operating environment during fiscal 2012.

For fiscal 2012, Asia Enterprises Holdings Ltd. recommends a final dividend equivalent to 40% of the full year earnings, a payout ratio that has been consistent for the past seven years. The group also plans to propose a special dividend for fiscal 2012 as Asia Enterprises marks its 40th year in the steel distribution business in 2013. As such, the proposed dividends for fiscal 2012 are expected to total 1.0 cent per share.