Matters On November 15, 2011, the company issued an indicative announcement on the transfer of 16% shares of its holding subsidiary Foshan Jinhui Hi-Tech Optoelectronic Materials Co., Ltd. The 18th meeting of the 7th board of directors of the company deliberated and passed the “Proposal on Transfer of 16% Shares of Foshan Jinhui Hi-Tech Optoelectronic Materials Co., Ltd., a holding subsidiary of the Company”. The company plans to sell 16% of the shares held by Foshan Jinhui Hi-Tech Optoelectronic Materials Co., Ltd. to Guangdong Hengjian Investment Holdings Co., Ltd. or its subsidiaries through an agreement transfer. The company's announcement stated that an official announcement on the transfer of 16% of Jinhui's shares will be issued as soon as possible. Profit forecast and investment advice Since the equity transfer matter is currently in the proposed transfer stage, the company's profit forecast will not be adjusted for the time being. We expect the company's net profit attributable to the parent company in 2011 and 2012 to be 185 million yuan or 229 million yuan, corresponding to EPS of 0.30 and 0.37 yuan, and corresponding to the latest closing price PE of 38 or 30 times. Maintain a “Recommended” rating.