China Titans Energy Technology Group Co., Limited provided group earnings guidance for the year ended December 31, 2012. The group expected that there will be a significant decline in the profit of the group for the year ended December 31, 2012 compared with the profit for the year ended December 31, 2011. The expected significant decline in the profit of the group for the year ended December 31, 2012 is mainly attributable to delays of the proposed projects relating to major customers and the increase in costs and certain expenses of the group.