China Zhongwang Holdings Limited provided earnings guidance for the three months ended March 31, 2012. The board of directors of the company is expected that the net profit of the Group for the three months ended 31 March 2012 may increase substantially as compared to the net profit of the Group for the three months ended 31 March 2011. The Board considers that the expected substantial increase in the Group's net profit for the three months ended 31 March 2012 when compared to the same period in 2011 is primarily attributable to substantial increase in the Group's sales revenue during the three months ended 31 March 2012.