Good Friend International Holdings Inc. provided earnings guidance for the full year ended December 31, 2012. Based on the unaudited consolidated management accounts for the year ended December 31, 2012, the profit of the company and its subsidiaries for the year ended December 31, 2012 are estimated to decrease significantly as compared to that of the year ended December 31, 2011, which was primarily attributable to the increase in raw material prices, which in turn resulted in the decline of the gross profit. Despite the estimated decrease of the profit, the management considers that the overall financial position of the Group remains solid, and also remains positive on the business development of the Group.