The board of directors of Tianjin Tianlian Public Utilities Company Limited announced that based on the preliminary consolidated management, the unaudited consolidated net profit of the group attributable to owners of the company for the six months ended June 30, 2012 is expected to increase significantly as compared against the corresponding period in 2011. Such substantial improvement in the unaudited profit is mainly attributable to the fact that the profit in relation to the assets acquired by the group in Hedong District and Heping District was actually accounted for two months in the interim results for the six months ended June 30, 2011 while such profit was accounted for the full half-year period in the preliminary unaudited consolidated management accounts for the six months ended June 30, 2012.