The board of directors of Da Ming International Holdings Limited informed the shareholders of the Company and potential investors that based on the management's preliminary assessment of the unaudited management accounts, the Group is expected to record a significant decline in net profit for the year ended December 31, 2012 as compared to the net profit for the year ended December 31, 2011. The expected decline in net profit is mainly due to the continual decrease in market price of stainless steel raw materials for the six months ended June 30, 2012. The market price of stainless steel raw materials started to stabilise in the third quarter of 2012 and hence the Group's results for the six months ended December 31, 2012 was not adversely affected as compared with the Group's results for the six months ended June 30, 2012.

The Group is expected to record a net profit both for the six months and the year ended December 31, 2012.