On January 30, 2007, the company issued a performance revision notice. The company's net profit for 2006 is expected to be negative, and losses have not been significantly reduced. The results are not expected to be audited by certified public accountants. The company's net profit in 2005 was -37436.71, and earnings per share were -0.79 yuan. In 2006, with the strong support of the Corps and major shareholders, the company made strategic adjustments, focusing on wine, and adopted positive loss correction measures such as stopping trading operations, not developing new real estate businesses, applying for long-term loans, and initiating regular increases. However, due to the company's excessive financial burden and serious insufficient investment in the wine market, the original goal of drastically reducing losses in 2006 was not achieved. In previous reports, we assumed that losses would be reversed on the premise that a one-time transfer of the real estate business of a listed company would form an investment income with strong support from the group. The profit forecast for 2006 has now been adjusted to a loss of 1.194 yuan/share based on the revised performance announcement issued by the company. Our profit forecast of 0.065 and 0.269 yuan per share for 2007 and 2008 remains unchanged. We believe that this performance revision announcement issued by the company shows to a certain extent that the company is dealing with the practical difficulties faced by the company in production and operation in a responsible manner towards investors. On January 12, we attended the launch and first tasting of Xintian Strong Wine — Flame in Zhengzhou organized by Xintian International Liquor Sales Company and China Nanguang Import and Export Corporation Henan Company, and took this opportunity to fully communicate with the heads of various sales branches and multiple dealers. Judging from what we know, the company is indeed looking for ways to solve the difficulties it is currently facing, and the company's sales situation is bottoming out and improving. Based on what we know about sales in various regions, we expect the company's finished wine sales revenue in the first month of this year to grow faster than in the same period last year. At the beginning of this year's new year, Xintian International negotiated with Dutch Airlines to successfully export 200 tons of dry red and dry white original wine to Europe, which has strict wine quality requirements. This has verified to a certain extent our judgment on the excellent quality of Xintian wine proposed in previous reports. We mentioned in our previous company research report: “In fact, we don't think the company's 2006 performance is important anymore. 2007 will be the first year for the company to thoroughly focus on the wine industry and actively explore the market. The company is likely to hand over a relatively satisfactory questionnaire to investors, so let's wait and see.” After the company issued a revised performance announcement today, we still maintain this view and maintain the company's rating and target price. We will report on the company's latest sales growth and related performance forecast changes in subsequent follow-up reports.