The board of directors of Heritage International Holdings Limited informed the shareholders and warrantholders of the company and potential investors that the group is expected to record a loss for year ended March 31, 2013 although the amount is expected to be less than that of the previous corresponding period. Such loss is principally attributable to losses on sales of investments at fair value through profit or loss and fair value losses on investments at fair value through profit or loss, which losses have reduced by approximately 68% and 94% respectively when compared with those of the previous corresponding period.