Goodtop Tin International Holdings Limited provided earnings guidance for the year ended December 31, 2011. The board of directors announced that the annual results for the 12 months ended December 31, 2011 of the Group will register a loss. Based on the management accounts and judging from the movement of the tin price during the year ended December 31, 2011, the management of the company is of the view that the loss is mainly due to the falling tin price in the international market leading to an impairment loss on the asset value of the tin mine held by the Group located in Tasmania, Australia when compared with the valuation on the completion date of the acquisition of the aforesaid tin mine. The management is also of the view that the loss is non-operation without cash flow impact to the Group.