China Fibretech Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of RMB 13,509,000 compared to RMB 10,496,000 a year ago. Loss before taxation was RMB 648,000 compared to RMB 2,085,000 a year ago. Loss after taxation was RMB 648,000 compared to RMB 2,147,000 a year ago. Net cash used in operating activities was RMB 1,964,000 compared to RMB 1,746,000 a year ago. Basic and diluted LPS was 0.1 cents compared to 0.5 cents a year ago. The increase in revenue was mainly due to: increase in the fabric processed from 1,472 tonnes in first quarter of 2012 to 1,579 tonnes in first quarter of 2013 as a result of higher demand from customers made in the month of March. Fabric processed for March 2013 shows a significant improvement for the company's business as it surpassed 800 tonnes at 818 tonnes, the monthly sales volume since June 2011 with 839 tonnes of fabric processed; Increase in average fabric processing fee from RMB 7,131 per tonne in first quarter of 2012 to RMB 7,827 per tonne in first quarter of 2013. The increase in average processing fees was mainly contributed from the production of new fabric, namely knitted velour, with a higher processing fees as compared to polyester, cotton, and spandex. Changes in product mix had also contributed to higher average processing fees due to higher proportion of spandex and knitted velour processed during the period which commands a higher processing fee; Introduction of 8 new customers which had contributed to 17.5% of total revenue during the period. These customers are within the Fujian region of Shishi, Quanzhou, and Xiamen.

China Fibretech Ltd., Annual General Meeting, Apr 30, 2013., at 09:00 Singapore Standard Time. Location: RIVERVIEW HOTEL SINGAPORE. Agenda: To receive and adopt the Directors' Report and the Audited Accounts for the financial year ended 31 December 2012, together with the Independent Auditor's Report thereon; to re-elect board of directors; to approve the payment of Directors' fees of SGD 85,000 and RMB 100,000 for the financial year ending 31 December 2013; to re-appoint Messrs Mazars LLP as the Company's Auditors, and to authorise the Directors to fix their remuneration; and to transact any other ordinary business that may properly be transacted at an Annual General Meeting; to consider share issue mandate; and to consider China Fibretech Share Award Scheme.

China Fibretech Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue of RMB 12,208,000 against RMB 14,413,000 in the same period of last year. Loss before taxation was RMB 5,549,000 against RMB 13,986,000 in the same period of last year. Loss for the period was RMB 5,549,000 against RMB 14,065,000 in the same period of last year. Loss per share on a fully diluted basis was 1.2 cents against 3.1 cents in the same period of last year. For the full year ended December 31, 2012, the company reported revenue of RMB 48,562,000 against RMB 133,116,000 in the same period of last year. Loss before taxation was RMB 11,548,000 against profit before taxation of RMB 10,833,000 in the same period of last year. Loss for the period was RMB 11,611,000 against profit for the period of RMB 7,228,000 in the same period of last year. Net cash generated from operating activities was RMB 4,769,000 against of RMB 87,614,000 in 2011. Acquisition and construction of property, plant and equipment was RMB 31,000 against RMB 1,201,000 in the same period of last year. Loss per share on a fully diluted basis was 2.6 cents against earnings per share of 1.6 cents in 2011. The decrease in revenue was mainly due to decrease in fabric processed from 15,981 tonnes in 2011 to 6,711 tonnes in 2012 as result of decrease in demand for fabric processing services as compared to prior year and decrease in average fabric processing fees from RMB 8,330 per tonne in fiscal year 2011 to RMB 7,236 per tonne in fiscal year 2012.