Richly Field China Development Limited provided earnings guidance for the year ended March 31, 2012. The board announced that the annual results of the company for the year ended March 31, 2012 is expected to show a substantial decline as compared to the profit for the corresponding year ended March 31, 2011, mainly due to: no recognition of revenue from property development projects which are in progress; and one-off government grant from local government of the PRC recorded in the corresponding year ended March 31, 2011.