Town Health International Investments Limited informed the shareholders of the company and potential investors that based on a preliminary estimate, the Group is expected to record a substantial loss for the year ended 31 December 2012 as compared with the profit recorded for the year ended 31 December 2011. The Board emphasize that such loss is mainly attributable to unrealized losses arising on change in fair value of the Group's held-for-trading investments, which is non-cash in nature and will not have any cash flow burden to the Group.