China New Energy Power Group Limited provided earnings guidance for the six months ended June 30, 2012. The preliminary assessment of the unaudited management accounts of the group for the six months ended June 30, 2012, the group is expected to record a substantial improvement in its results for the six months ended June 30, 2012 as compared to the corresponding period in 2011. The expected improvement in results was mainly driven by the gain in fair values on derivative financial instruments and that the deteriorated timber business was no longer consolidated into the consolidated financial statements of the group following its disposal in December 2011.