The Board of Directors of China International Holdings Limited issued a profit warning regarding the financial results of the company and its subsidiaries for the first quarter period ended March 31, 2012. Based on the preliminary financial figures, the group is expected to report a loss for the first quarter 2012 as the water plant connection fees decreased significantly in first quarter 2012 as compared to that of same period in the first quarter period ended 31 March 2011 due to the slow down of residential real estate development projects in Tianjin.