Luoyang Glass Co., Ltd. provided earnings guidance for the year ending December 31, 2012. For the year, the company estimated unaudited net profit attributable to the shareholders of the company realized for the year of 2012 will decrease by approximately 45%-60% compared with RMB 12,330,000 or RMB 0.0247 earnings per share a year ago. Mainly due to the decline in global economy and the continuing adjustment and control on the domestic properties in the PRC in 2012, the normal glass market maintained the weak momentum with weak demand on glass and decline in both
sale and selling price, which result in the decline in principal operating profit of the Company when compared with that for the corresponding period last year.