China Renewable Energy Investment Limited provided audited consolidated earnings guidance for the year ended December 31, 2012. The board of directors of the company announced that the company is expecting to see a significant impairment loss to be provided on certain wind farm projects of the group with reference to the internal unaudited management accounts of the group for the financial year ended 31 December 2012. As of the date of this announcement, neither the impairment loss provisioning for the Wind Farm Assets nor the extent of its attendant impact on the performance of the group as a whole for fiscal year 2012 have been ascertained.

That being said, the group is expecting a significant consolidated loss in its audited financial statements for fiscal 2012, as compared to the audited consolidated profit for the previous financial year ended 31 December 2011, the exact amount of which consolidated loss is yet to be determined prior to issue of the group's audited financial statements of fiscal 2012.