Chaowei Power Holdings Limited provided earnings guidance for the six months ended June 30, 2012. The company expects a substantial increase of not less than 100% in both unaudited revenue and the unaudited net profit of the Group for the six months ended June 30, 2012 as compared with the six months ended June 30, 2011. The increase was primarily attributed to, among other things, enhancement of the company's distribution network and operational efficiency, an increase in sales of the company's products caused by an expansion of the Group's production capacity and increase of the company's market share. The Board considers such increases in unaudited revenues and unaudited net profit of the Group demonstrated the successful implementation of the operating and sales strategies of the Group.