DISCLAIMER OF OPINION
Because of the significance of the matters described in the basis for disclaimer of opinion
paragraphs, we have not been able to obtain sufficient appropriate audit evidence to provide
a basis for an audit opinion. Accordingly, we do not express an opinion on the consolidated
financial statements as to whether they give a true and fair view of the state of affairs of the
Group as at 31 December 2012 and of the Group’s loss and cash flows for the year then
ended in accordance with Hong Kong Financial Reporting Standards and as to whether
the consolidated financial statements have been properly prepared in accordance with the
disclosure requirements of the Hong Kong Companies Ordinance.