Tanrich Financial Holdings Limited provided group earnings guidance for the year ended June 30, 2012. The group is principally engaged in securities and futures broking; the provision of margin financing; the provision of corporate finance and advisory services; asset management and the provision of wealth management and insurance agency services. The current adverse financial and economic conditions are having a negative impact on the group's principal activities.

In addition, the fair value of the group's investments may have been impaired. As a result, it is expected that the financial performance and results of the group for the year ended 30 June 2012 would be significantly affected. Nevertheless, the Board is of the view that the financial position of the group remains solid and that it is well placed to withstand the adverse impact arising from the current global financial downturn.

The group will continue to take appropriate action to control cost and to seek potential business development opportunities in this challenging business environment.