The board of the Directors of China Motion Telecom International Limited announced that it is expected that the group would record a profit for the year ended 31 March 2013 as compared to a loss for the year ended 31 March 2012. The expected profit is mainly attributable to the combined effect of the increase in fair value of the investment properties of the group; the gain on the disposal of mobile communications services in March 2013; and the impairment loss of goodwill to be recognized in respect of the retail management services business in Shanghai.