Qihang Equipment Company Limited reported unaudited consolidated earnings results for the six months ended June 30, 2012. For the period, the company reported revenue of RMB 117,773,000 against RMB 137,235,000 for the same period in the last year. Profit from operations was RMB 1,451,000 against RMB 16,356,000 for the same period in the last year. Loss before tax was RMB 3,949,000 against profit before tax of RMB 12,206,000 for the same period in the last year. Loss attributable to equity holders of the company was RMB 4,090,000 against profit attributable to equity holders of the company of RMB 10,248,000 for the same period in the last year. The loss arises from a reduction in sales due to the prevailing market conditions within China. Basic and diluted loss per share was RMB 0.07 for the six months ended June 30, 2012. Net cash used in operating activities was RMB 25,298,000 against net cash generated from operating activities of RMB 17,434,000 for the same period in the last year. Purchase of property, plant and equipment was RMB 829,000 against RMB 19,545,000 for the same period in the last year.

Qihang Equipment Company Limited, Annual General Meeting, Jul 15, 2012., at 11:00 China Standard Time. Location: conference room of Jiangsu Eternal Wealth Hotel in No. 269, Ding Mao Qiao Road.

Qihang Equipment Company Limited reported consolidated earnings results for the year ended December 31, 2011. For the period, the company reported revenue of RMB 262,107,000 compared with RMB 209,669,000 for the same period last year. Profit from operation was RMB 18,869,000 compared with RMB 16,518,000 for the same period last year. Profit before taxation was RMB 8,868,000 compared with RMB 21,766,000 for the same period last year. Profit for the year attributable to equity holders of the company was RMB 8,114,000 or 1.73 pence basic and diluted per share compared with RMB 14,664,000 or 3.73 pence basic and diluted per share for the same period last year. Net cash used in operating activities was RMB 6,808,000 compared with net cash from operating activities RMB 14,213,000 for the same period last year. Purchase of property, plant and equipment RMB 49,561,000 compared with RMB 34,487,000 for the same period last year. Purchase of intangible assets was RMB 3,548,000.