PROFIT GUIDANCE * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT

* Asterisks denote mandatory information

Name of Announcer *
CHINA BEARING (SINGAPORE) LTD.
Company Registration No.
200512048E
Announcement submitted on behalf of
CHINA BEARING (SINGAPORE) LTD.
Announcement is submitted with respect to *
CHINA BEARING (SINGAPORE) LTD.
Announcement is submitted by *
Zhang Anxi
Designation *
Managing Director and Chief Executive Officer
Date & Time of Broadcast
20-Feb-2014 17:40:28
Announcement No.
00082

ANNOUNCEMENT DETAILS

The details of the announcement start here ...
For the Financial Period Ended *
31-12-2013
Description
The Board of Directors (the Board) of CHINA BEARING (SINGAPORE) LTD. (the Company, and together with its subsidiary, collectively the Group) wishes to announce that after preliminary assessment of the Groups unaudited financial results for the financial year ended 31 December 2013 (FY2013), the Board would like to inform the shareholders that the Group is expected to report a net loss for FY2013.

The expected net loss for FY2013 is mainly attributable to amongst others:-
(i) Decrease in revenue;
(ii) Increase in administrative expenses;
(iii) Decrease in other operating income; and
(iv) Impairment on property, plant and equipment.

Further details of the Groups unaudited financial results will be disclosed when the Group finalises and announces its unaudited financial results for FY2013 on or before 1 March 2014.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

ZHANG ANXI
Managing Director and Chief Executive Officer
20 February 2014
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