The Board of Directors of Hu An Cable Holdings Ltd. announced that the Group expects its overall revenues and earnings to be significantly lower for the three months ended March 31, 2013 as
compared to the three months ended 31 March 2012, and will report a loss for first quarter 2013. This was mainly due to: i) the decrease in sales volumes of cable and wire products, copper rods and aluminium rods as a result of China's economic slowdown; and ii) the overall increase in expenses due to the full operation of the Group's new plant in Yixing City, Jiangsu Province.