The board of directors of Xi an Haitian Antenna Technologies Co. Ltd. announced that the annual results of the company and its subsidiaries for the year ended December 31, 2012 are expected to record a profit as compared to a loss recorded in the year of 2011. The expected profit was mainly attributable to gain on disposal of intellectual property rights which were recognised as expenses in previous years, benefits from the effectiveness of cost control over operations, and decrease in and reversal of impairment losses for the year.