Exhibit 99.1

Item 3. Key Information

Selected Financial Data

The acquisition of equity interest of China Metro-Rural Limited has been accounted for as a combination of entities under common control in a manner similar to pooling of interests as both the Company and China Metro-Rural Limited were controlled by Mr. Cheng Chung Hing, Ricky immediately prior to and immediately after the Merger. On this basis, the consolidated financial statements of China Metro-Rural Holdings Limited for periods prior to the Merger have been restated to include, to the extent of the equity interest of China Metro-Rural Limited held by Mr. Cheng Chung Hing, Ricky, the assets and liabilities and results of operations of China Metro-Rural Limited for those periods as if China Metro-Rural Holdings Limited had been the holding company of China Metro-Rural Limited at the beginning of the financial period reported in the consolidated financial statements or when the Company and China Metro-Rural Limited came under common control by Mr. Cheng Chung Hing, Ricky, whichever is later, and all assets and liabilities of China Metro-Rural Limited have been stated at historical carrying amounts. The acquisition by the Company of interest owned by all the shareholders of China Metro, including Mr. Cheng, was treated as an equity transaction at the completion date of the Merger.

On July 28, 2010, the Company declared a dividend to its shareholders which was satisfied by way of distribution in specie of the entire equity interest in Man Sang International Limited, or MSIL, held by the Company, represented approximately 494 million ordinary shares of MSIL, or the Distribution, and was completed in August 2010. Upon the completion of the Distribution, the Group no longer held any interests in MSIL and has discontinued its pearls and real estate businesses, or the Discontinued Operations, which was previously operated through MSIL. The summary of consolidated income statement re-presents the results of continuing operations, where the results of MSIL are accounted for as discontinued operations net of taxation for all years presented.

The selected consolidated statements of operation data presents the results for the five years ended March 31, 2010, 2009, 2008, 2007 and 2006 on the basis of International Financial Reporting Standards as issued by the International Accounting Standards Board. The Company’s historical results do not necessarily indicate results expected for any future periods. The selected consolidated financial data below should be read in conjunction with our consolidated financial statements and notes thereto, “Item 5. Operating and Financial Review and Prospects” below, and the other information contained in Exhibit 99.4 to this Form 6-K.

The selected consolidated income statements for the years ended March 31, 2010, 2009 and 2008 have been derived from our audited consolidated financial statements included elsewhere in Exhibit 99.6 to this Form 6-K. The selected consolidated income statements for the years ended March 31, 2007 and 2006 have been derived from our unaudited consolidated financial statements.

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	For the years ended March 31,
	2010			2009			2008			2007			2006
	(As restated)			(As restated)			(As restated)			(As restated)			(As restated)
	(HK$ in thousands)
Income Statements Data:
Continuing operation:
Revenue		337,659			1,044			—			—			—
Cost of sales		(209,415	)		(664	)		—			—			—
Gross profit		128,244			380			—			—			—
Other income, net		36,154			1,276			758			—			—
Other (losses)/gains, net		(146	)		132,537			—			—			—
Selling expenses		(8,276	)		(10,890	)		(6,472	)		—			—
Administrative expenses		(59,676	)		(31,496	)		(20,487	)		(5,210	)		(5,135	)
Increase in fair values of investment properties and investment properties under construction		155,631			6,556			23,392			—			—
Operating profit/(loss)		251,931			98,363			(2,809	)		(5,210	)		(5,135	)
Finance income		365			1,879			1,729			405			465
Profit/(loss) before income tax		252,296			100,242			(1,080	)		(4,804	)		(4,670	)
Income tax expenses		(86,558	)		(26,724	)		(4,548	)		—			—
Profit/(loss) for the year from continuing operation		165,738			73,518			(5,628	)		(4,804	)		(4,670	)
Discontinued operations:
(Loss)/profit for the year from discontinued operations, net of tax		(24,189	)		(140,336	)		407,559			62,645			45,864
Profit/(loss) for the year		141,549			(66,818	)		401,931			57,841			41,194
Attributable to:
Equity holders of the Company		171,408			42,540			93,850			27,638			19,507
Non-controlling interests		(29,859	)		(109,358	)		308,081			30,203			21,687
		141,549			(66,818	)		401,931			57,841			41,194
Earnings per share from continuing and discontinued operations attributable to equity holders of the Company during the year:
Basic earnings per share
From continuing operation	HK$	2.60		HK$	1.16		HK$	(0.08	)	HK$	(0.08	)	HK$	(0.07	)
From discontinued operations	HK$	0.08		HK$	(0.49	)	HK$	1.55		HK$	0.51		HK$	0.38
	HK$	2.68		HK$	0.67		HK$	1.47		HK$	0.43		HK$	0.31
Diluted earnings per share
From continuing operation	HK$	2.60		HK$	1.16		HK$	(0.08	)	HK$	(0.08	)	HK$	(0.08	)
From discontinued operations	HK$	0.08		HK$	(0.49	)	HK$	1.50		HK$	0.50		HK$	0.38
	HK$	2.68		HK$	0.67		HK$	1.42		HK$	0.42		HK$	0.30

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The following table sets forth selected statements of financial position data as of the dates indicated. The selected consolidated statements of financial position data as of March 31, 2010 and 2009 have been derived from our audited consolidated financial statements included in Exhibit 99.6 to this Form 6-K. The selected consolidated statement of financial position data as of March 31, 2008, 2007 and 2006 have been derived from our unaudited consolidated financial statements.

	As of March 31,
	2010		2009		2008		2007		2006
	(As restated)		(As restated)		(As restated)		(As restated)		(As restated)
	(HK$ in thousands)
Statements of Financial Position Data:
Total non-current assets		1,481,913		1,213,858		1,401,260		338,858		244,676
Total current assets		1,996,151		1,609,514		1,731,969		422,191		435,919
Total assets		3,478,064		2,823,372		3,133,229		761,049		680,595
Total current liabilities		1,159,000		1,008,163		1,128,802		42,628		35,859
Total non-current liabilities		461,503		415,986		529,081		14,618		12,256
Total liabilities		1,620,503		1,424,149		1,657,883		57,246		48,115
Total equity		1,857,561		1,399,223		1,475,346		703,803		632,480

The following table sets forth selected income statements data of the Discontinued Operations for the five years ended March 31, 2010, 2009, 2008, 2007 and 2006 on the basis of International Financial Reporting Standards as issued by the International Accounting Standards Board. The selected income statements data of the Discontinued Operations for the years ended March 31, 2010, 2009 and 2008 have been derived from our audited consolidated financial statements included in Exhibit 99.6 to this Form 6-K. The selected income statements data of the Discontinued Operations for the years ended March 31, 2007 and 2006 have been derived from our unaudited consolidated financial statements.

	For the years ended March 31,
	2010			2009			2008			2007			2006
	(HK$ in thousands)
Income Statements Data of the Discontinued Operations:
Revenue		339,379			359,734			640,493			402,503			381,659
Cost of sales		(276,602	)		(226,422	)		(363,483	)		(285,580	)		(272,442	)
Gross profit		62,777			133,312			277,010			116,923			109,217
Other income and gains/(losses), net		16,776			(9,783	)		(41,890	)		26,407			5,584
Expenses		(114,073	)		(141,100	)		(114,120	)		(84,481	)		(71,840	)
(Decrease)/increase in fair values of investment properties and investment properties under construction		(3,991	)		(184,572	)		456,515			1,957			40
Operating (loss)/profit		(38,511	)		(202,143	)		577,515			60,806			43,001
Finance income—net		238			9,729			17,296			8,988			6,674
Share of results of an associate		48			(53	)		(7	)		—			—
(Loss)/profit before income tax		(38,225	)		(192,467	)		594,804			69,794			49,675
Income tax credits/(expenses)		14,036			52,131			(187,245	)		(7,149	)		(3,811	)
(Loss)/profit for the year		(24,189	)		(140,336	)		407,559			62,645			45,864
Attributable to:
Equity holders of the Company		5,504			(30,978	)		99,478			32,442			24,177
Non-controlling interests		(29,693	)		(109,358	)		308,081			30,203			21,687
		(24,189	)		(140,336	)		407,559			62,645			45,864
Earnings per share for profit from the Discontinued Operations attributable to equity holders of the Company during the year
Basic	HK$	0.08		HK$	(0.49	)	HK$	1.55		HK$	0.51		HK$	0.38
Diluted	HK$	0.08		HK$	(0.49	)	HK$	1.50		HK$	0.50		HK$	0.38

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The following table sets forth selected statements of financial position data of the Discontinued Operations as of the dates indicated. The selected statements of financial position data of the Discontinued Operations as of March 31, 2010 and 2009 have been derived from our audited consolidated financial statements included in Exhibit 99.6 to this Form 6-K. The selected statements of financial position data of the Discontinued Operations as of March 31, 2008, 2007 and 2006 have been derived from our unaudited consolidated financial statements.

	As of March 31,
	2010		2009		2008		2007		2006
	(HK$ in thousands)
Statements of Financial Position Data of the Discontinued Operations:
Total non-current assets		1,015,399		1,132,000		1,253,535		338,858		244,676
Total current assets		1,059,250		946,309		1,082,849		421,531		416,971
Total assets		2,074,649		2,078,309		2,336,384		760,389		661,647
Total current liabilities		722,506		598,364		566,799		40,027		32,617
Total non-current liabilities		107,907		206,634		321,502		14,618		12,256
Total liabilities		830,413		804,998		888,301		54,645		44,873
Total equity		1,244,236		1,273,311		1,448,083		705,744		616,774

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