Sincere Watch (Hong Kong) Limited provided group earnings guidance for the year ended March 31, 2012. Based on the preliminary review by the company's management of the unaudited management accounts of the group, the board of directors of the company informed the shareholders of the company and potential investors that the group is expected to record a substantial increase in the net profit for the year ended 31 March 2012 as compared with that for the financial year ended 31 March 2011, mainly attributable to the significant growth in the group's business revenue due to the robust conditions in the luxury retail market in Hong Kong.