China HealthCare Holdings Limited board of directors announced that based on preliminary review of the unaudited consolidated management accounts of the Group, it is expected that the Group will record a profit for the year ended March 31, 2013 as compared to a net loss for the year ended March 31, 2012. The profit for the year ended March 31, 2013 was mainly attributable to the extinguishment of liability component of redeemable convertible cumulative preference shares.