Xinjiang Xinxin Mining Industry Co,.Ltd provided earnings guidance for the year ended December 31, 2012. The board of directors of the Company announced that the financial results of the Group for the year ended December 31, 2012 are expected to decrease significantly as compared to those for the year ended December 31, 2011. The Company considers that as affected by European debt crisis and the slowdown of economic growth in China, the international and domestic prices of nickel and copper continued to fall in the whole year of 2012.

Despite double digit growth rates were recorded in the production volume and sales of the Group's main products and there was a decrease in the production cost for the year ended December 31, 2012 as compared to the previous year, the profit after tax of the Group is expected to significantly decline since the average selling prices of the Group's nickel cathode and copper cathode dropped by approximately 22.0% and 9.6%, respectively, as compared to that of the previous year.