Lee & Man Chemical Company Limited provided group earnings guidance for the first six months ended June 30, 2012. Based on preliminary assessment of the unaudited consolidated management accounts of the Group and information currently available to the Board, the Group is expected that its unaudited consolidated net profit for the first six months ended June 30, 2012 would decrease significantly as compared to that for the corresponding period last year. The significant decrease in unaudited consolidated net profit was mainly attributable to the uncertainty of global economy and the slowdown of domestic economic growth in China; the demand for the Group's products has declined and the selling prices of the Group's products have dropped significantly as compared to the first half of 2011, resulting in the decrease in its profit margin. As estimated by the Group's management, there would be a more than 45% year-on-year drop in the unaudited consolidated profit for the six months ended June 30, 2012.