Loudong General Nice Resources (China) Holdings Limited provided earnings guidance for the six months ended June 30, 2012. For the period, the company, based on the preliminary review of the unaudited consolidated management accounts of the group, the company expected to record a decrease in the profit attributable to the owners of the company for the six months ended June 30, 2012 as compared with that for the corresponding
period in 2011. The expected decrease in the profit is primarily attributable to the drop in sales volume and the continuous decrease in the price of coke due to the global economic downturn and the slowdown in China's steel industry.