The board of the directors of PME Group Ltd. informed the shareholders of the company and the potential investors that, based on the preliminary unaudited consolidated management accounts of the company for the year ended 31 December 2013, the company and its subsidiaries are expected to record a profit for the year ended 31 December 2013 as compared to a loss in the corresponding period in 2012. The profit is mainly attributable to increase in share of results of joint ventures, decreases in finance costs, decreases in losses on disposal/partial disposal of associates, and decrease in fair value loss of convertible bonds designated as financial assets at fair value through profit or loss.