Richfield Group Holdings Ltd. board of directors announced that the financial performance of the Group for the year ended June 30, 2012 was adversely affected by the sluggish property market transactions for the property assembly and brokerage business sector in Hong Kong. Based on information currently available to the Board, the Board estimates that the Group is to record a substantial decline in net profit for the year ended June 30, 2012 as compared with the last financial year.