China Specialty Glass AG reported earnings results for the full year of 2011. For the year, the company's revenues went up from EUR 69.6 million in 2010 by 10.5% to EUR 76.9 million in 2011. This revenue increase was mainly attributable to the increase in sales of automotive security glass and construction glass. Despite of increasing raw material prices, labour and electricity costs as well as production overhead costs, CSG has reached earnings from operations (EBIT) of 26.4 million, thus 1.1% more compared to the previous year. The EBIT margin remained on a high level of 34.4%. Net profit decreased year-on-year by 5.7% from EUR 22.1 million in 2010 to EUR 20.8 million in 2011. Nevertheless, the net profit margin reached 27.1%. In 2012, the company will continue to demonstrate strong growth and high profitability focusing on high margin products, efficient production processes, economies of scale and a stringent cost control. Given the growth opportunities for the Group in 2012 and beyond, CSG expects to achieve a revenue of approximately EUR 100.0 million (assuming an average exchange rate of RMB against EUR of 8.2253) and a net profit margin of approximately 30% for 2012. The current members of the Supervisory Board are Hao Chun Chang, Xin Young Shi and Andreas Grosjean. The former Supervisory Board members Helmut Meyer and Volker Schlegel both resigned from their posts. The new members Hao Chun Chang and Andreas Grosjean were appointed by the competent commercial court on April 24, 2012. Mr. Chang, Certified Public Accountant, has several years of experience in accounting and finance. Mr. Grosjean has been working in the capital markets for several years and is currently Member of the Management Board at VEM Aktienbank AG. In the Supervisory Board Meeting held on April 25, 2012, Hao Chun Chang was appointed as the Chairman.