The board of the directors of China Oriental Group Company Limited announced that it is expected that the group is likely to experience a substantial decline in profit in the first half of 2013 as compared to the profit made in the corresponding period of 2012. Such expected substantial decline in profit in the first half of 2013 was mainly due to the significant decrease in the average selling price of steel products during the five months ended May 31, 2013 as compared to that of the corresponding period in 2012.