China Zhongwang Holdings Limited provided earnings guidance for the nine months ended September 30, 2012. The expects that the net profit of the Group for the nine months may increase significantly as compared to the net profit of the Group for the nine months ended September 30, 2011. Based on the information currently available, the expected increase in the Group's net profit is primarily attributable to a significant increase in the Group's sales revenue for the nine months ended September 30, 2012.

The expected increase in net profit is based on a preliminary review of the unaudited internal management accounts of the Group, which are subject to possible adjustments arising from further internal review of the Group.