ChinaVision Media Group Limited provided earnings guidance for the year ended December 31, 2012. For the year, the company expected to record a
profit as compared with a loss for the corresponding year in 2011, primarily attributable to significant improvement in the financial performance of the Group's media related businesses resulted from, in particular, the substantial increase in the turnover and gross profit from the television and film business and profits from the new media business and TV advertising business; and gain from the disposal of certain assets; coupled with the reduction in certain non-cash expenses, including the amortization of intangible assets and the share options expenses which arise as a result of accounting treatment under the provisions of the applicable accounting standards.