The directors of Oriental Watch Holdings Limited announced that based on the unaudited consolidated results of the company and its subsidiaries for the year ended March 31, 2013, it is expected that the Group's operating profit for such year will be substantially lower than that for the year ended March 31, 2012 mainly as a result of a decrease in turnover and drop in gross profit margin due to the adverse effect of the slow down of Mainland China's economy, keen competition and increase in general stock provision.