China Overseas Grand Oceans Group Limited provided consolidated earnings guidance for the six months ended June 30, 2012. The unaudited consolidated net profit of the company and its subsidiaries attributable to owners of the company for the six months ended June 30, 2012 is expected to increase significantly as compared against the corresponding period in 2011. Such substantial improvement in the profit of the Group for the six months ended June 30, 2012 is mainly attributable to the significant increase in both revenue and gross profit during the period.