Jinhui Holdings Co. Ltd. expects to record a significant decline in its consolidated net profit for the three months ended 31 March 2013, as compared to the corresponding period ended 31 March 2012. The company is exposed to the continued low freight rate environment due to a lackluster global economic growth as well as an oversupply of tonnages.

It is expected that the decline in operating profit for the period was primarily attributable to the decline in chartering freight and hire income arising from the Group's owned and chartered-in vessels when certain charter contracts were entered into with charterers in late 2012 and early 2013 at relatively low freight rate as compared to that of the corresponding period in the first quarter of 2012.