The Board of Asia Commercial Holdings Ltd. is expected to record a loss for the year ended 31 March 2012 as compared to the profit for the year ended 31 March 2011. This announcement is not based on any figures or information that has been audited or reviewed by the company's auditors. The factors attributable to the loss as compared to the profit in last year include dramatic scale down of the company old store in Beijing due to shopping center redevelopment; increase in rental expenses incurred in launching its new store in Beijing and new stores in Hong Kong; an unrealized los on trading securities and the recognition of equity-settled share based payment expenses on a full year basis of 2012.