Zhuzhou Smelter Group Co.,Ltd provided earnings guidance for the year ended December 31, 2012. Net loss attributable to the owners of Zhuzhou for the year ended 31 December 2012 is expected to be in the range from RMB 580,000,000 to RMB 630,000,000. For the corresponding period of 2011, net loss attributable to the owners of Zhuzhou was RMB 589,294,200 and basic loss per share was RMB 1.12.

The expected loss of the results is mainly attributable to, among others, 1) the slow growth of the domestic and overseas economy and the increasingly severe competition in non-ferrous metals industry; 2) the downturn in lead and zinc market; 3) the decrease in the price differences between purchase and sale, the increase in cost and the decrease in gross profit of the lead and zinc products of Zhuzhou.