Zhejiang Prospect Company Ltd. announced that at the 2012 Annual General Meeting, which was held on May 21, 2013, the shareholders approved the appointment of Crowe Horwath (HK) CPA Limited as the new auditors of the company to fill the vacancy arising from the retirement of CCIF CPA Limited and to hold office until the conclusion of the next annual general meeting of the company and to authorize the board of directors of the company to fix the auditor's remuneration.

Zhejiang Prospect Company Ltd. reported unaudited earnings results for the first quarter ended March 31, 2013. For the period, the company reported turnover of RMB 19,197,000 against RMB 25,740,000 a year ago. Loss from operations was RMB 348,000 against profit from operations of RMB 55,000 a year ago. Loss from ordinary activities before taxation was RMB 804,000 against RMB 36,000 a year ago. Loss after tax attributable to equity holders of the company was RMB 804,000 or RMB 0.010 per basic share against RMB 36,000 or RMB 0.005 per basic share a year ago. The directors anticipated that the overall production capacity of universal joints will be expanded to approximately 9 million units per annum by 2013.

Zhejiang Prospect Company Ltd. announced that they will report Q1, 2013 results on May 13, 2013