Xingda International Holdings Ltd. provides earnings guidance for six months ended June 30, 2012. The company expects to record a decline in the net profit attributable to the owners of the company for the six months ended June 30, 2012 for more than 40% as compared with the net profit attributable to the owners of the company for the corresponding financial period ended June 30, 2011. The expected decline in the net profit attributable to the owners of the company was primarily attributable to the price pressure in the industry, which caused a decrease in average selling prices of tire cords products and sawing wires products and led to the drop in gross profit margin of those products.

Despite the decline in net profit attributable to the owners of the company for the Board considers that the Group's overall financial position remains solid and the Board remains positive on the long term prospect of the Group.