Zhi Cheng Holdings Limited provided un-audited earnings guidance for the six months ended September 30, 2012. For the six months, the company expected to record a profit as compared to an unaudited loss for the corresponding period in 2011. Based on the information currently available to the Group, the unaudited profit expected to be recorded by the Group for the six months ended 30 September 2012 was mainly attributable to, amongst others, a substantial gain arising from the cancellation of convertible bonds and that such gain was partly offset by an impairment loss in respect of intangible assets related to the master services agreement.