Date: 2013-07-31

Xibei Bearing Co., Ltd. Announces Net Profit Outlook for FY 2008 H1

Xibei Bearing Co., Ltd. announced that it expects the net profit for the first half of fiscal year 2008 ( from Jan 1st to June 30) to increase by 100% to 150%, compared to that of fiscal year 2007 (RMB 19,361,900).

Xibei Bearing Co., Ltd. is a China-based company principally engaged in the manufacture and distribution of various rolling bearings, under the brand name of NXZ. The Company provides over 3,000 types of bearings. The Company distributes its products in the domestic market and the overseas markets, including Asia, Europe and the Americas. As of December 31, 2006, the Company had one major subsidiary. The Company is headquartered in Yinchuan, Ningxia Hui Autonomous Region, the People's Republic of China.

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