The board of directors of China Chengtong Development Group Ltd. announced that based on a preliminary review of the unaudited management accounts of the Group, it is expected that the net profit of the Group for the year ended December 31, 2012 may increase significantly as compared to the net profit for the year ended December 31, 2011. The expected increase in the Group's net profit is primarily attributable to (i) a significant increase in the Group's volume of bulk commodity trade during the year ended December 31, 2012 and (ii) a gain derived from negative goodwill arising from the completion of acquisition of several subsidiaries by the Group in December 2012.