China Motion Telecom International Ltd. provided earnings guidance for the year ended March 31, 2012. For the year ended March 31, 2012, the company expected to record a significant loss as compared to that for the year ended 31 March 2011. Such estimated loss was mainly attributable to the significant impairment loss of goodwill in respect of the retail management services business in Shanghai; the provision made for certain doubtful debts due from the group's debtor during the six months ended 30 September 2011; and the effect of the increase in fair value of the investment properties of the group to a lesser extent as compared to that for the year ended 31 March 2011.