China Vehicle Components Technology Holdings Limited provided earnings guidance for the year ended December 31, 2012. For the year, the board announced that profit attributable to shareholders of the Group is expected to record a significant decrease as compared to that for the corresponding period ended December 31, 2011. The board considered that the expected significant decrease in profit attributable to shareholders of the company for the whole year ended December 31, 2012 as compared to that for the corresponding period in 2011 was primarily attributable to a decrease in the demand for the Group's products from certain major customers who are automobile manufacturers as a result of slowdown in the growth of automobile market in the PRC in 2012 and part of the one-off income received by the Group during the whole year ended December 31, 2011 will not occur for the corresponding period of the whole year ended December 31, 2012.