Good morning. And welcome to the China Ceramics Second Quarter 2013 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. (Operator Instructions) Thank you. I’ll now turn the call over to David Rudnick.

Thank you, [Karen]. Good morning, ladies and gentlemen, and good evening to those of you who are joining us from China. Welcome to China Ceramics second quarter 2013 earnings conference call. With us today are China Ceramics' Chairman and Chief Executive Officer, Mr. Jia Dong Huang; and Chief Financial Officer, Mr. Edmund Hen. Before I turn the call over to Mr. Huang, may I remind all listeners that during this call management's prepared remarks contain forward-looking statements which are subject to risk and uncertainties, and management may make additional forward-looking statements in response to your questions. Therefore the company claims protection of the Safe Harbor for forward-looking statements that is contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those discussed today. Refer to more detailed discussion of the risks and uncertainties with the company's filings with the Securities and Exchange Commission. In addition, any projections as the company's future performance represent management's estimates as of today, August 12, 2013. China Ceramics assumes no obligation to update these projections in the future as market conditions changed. To supplement its financial results presented in accordance with IFRS, management may make reference to certain non-GAAP financial measures, which the company believes provide additional information to understand the company's performance. As statement reconciling any non-GAAP measures to nearest GAAP equivalents can be found in the earnings press release issued earlier today. And now, it is my pleasure to turn the call over to China Ceramics, Chairman and CEO, Mr. Jia Dong Huang; and China Ceramics, CFO, Mr. Edmund Hen. CCG's [Mabel Zhang] will be translating for Mr. Huang. Mr. Huang, you may proceed.

Thank you, David. On behalf of the company, I would like to welcome everyone to our second quarter 2013 earnings conference call. We are pleased to report improved financial performance for the second quarter of 2013 in line with our expectation of a rebound in the real estate infrastructure and construction sectors market environment. The quarter saw improved sale volume of our ceramic tiles and a rising average selling price relative to the first quarter which resulted in stronger sequential revenue and net earnings. On a quarter-to-quarter sequential basis revenue was up 49%, growth profit was up 332% and EBITDA was over 150%. While our pricing has begun to improve, business activity is still significantly slower relative to the year ago comparative quarter. For the second half of 2013, we see room for a further return to the more normalized market environment of a year ago and continued strengthened financial results for the company as the recovery in our sector's fundamentals develops additional traction. We believe that we have taken the appropriate steps to retain our competitive positioning and well point for turnaround in the market. In the second quarter we maintained a reduce utilization of existing operating plant capacity in order to adjust to the market environment and lower our operating costs. We are currently utilizing plant protection facilities capable of producing 28 million square meters of ceramic tiles per year, an increase from the annual production capability of 20 million square meters utilized from the first quarter. We are being conservative as to when to deploy unused plant capacity and we bring additional capacity online as the market environment dictates. In addition to the improved market environment we believe that our close relationships with our customers account for our volume and price increases in the second quarter and that our marketing will enable us to continue to penetrate Tier II and Tier III markets to generate stronger U.S. dollar in quarters ahead. In urbanization and democratic trend in China are a long-term phenomenon that we believe will lead to rising future demand for our products in China’s the challenging real estate environment moderate overtime. We continue to be strategically positioned as a producer of high-end ceramic tiles and we will continue to innovate and offer a superior product mix to our customers so as to sustain our competitive advantage. With our pricing now pointing high due to which the potential inflection point composing that towards higher, historical levels, we can now strive to optimize our produce -- our product mix to spur strategic sale of our better performing product and improve our margins. We continue to be well positioned in our industry and believe that our exceptional main brand recognition and state-of-the-art plants well positions us for a further turnaround in the market. With that, I would like to turnover the call to the company’s Chief Financial Officer, Mr. Edmund Hen, who will discuss the company’s final result in more detail. Thank you.

Thank you, Mr. Huang. I will now move on to a more detailed discussion of our preliminary financial results for the second quarter June 30th, 2013. Our revenue for the second quarter end June 30, 2013 was RMB 222.7 million or US$36.1 million, an increase of 49.2% from the first quarter to down 49.5% from the second quarter of 2012. The sales volume of ceramic tiles in the second quarter was 6.3 million square meters, an increase of 36.2% relative to the downfall in our 6.1 million square meters in the first quarter but a 39% decrease from 13.6 million square meters in the year-ago quarter. The average selling price in the second quarter rose 9.4% to RMB26.7 per square meter from the first quarter average selling price of RMB24.4 per square meter but it is still (inaudible) 17.9% decrease from the average selling price of the comparable year-ago quarter. Though improved from the first quarter of 2013, the company attributes its reduced sales volume to the continuous challenging business conditions in China's real estate and construction sector. Gross profits for the second quarter of 2013 was RMB 22.2 million or US$3.6 million. A sequential rise of 331.6% from the first quarter of the year but still the difference being lower than RMB 128.6 million or US$20.3 million, record for the second quarter of 2012. The year-over-year decrease in gross profit was due to lower sales volumes and the decrease in the average selling price of the company’s ceramic tiles in the quarter. Our gross profit for the second quarter was 10% compared to 29.2% for the same period of 2012 and was caused primarily by a decrease in the average selling price of ceramic tiles in the quarter. Profit before taxes for the second quarter of 2013 was RMB…

(Operator Instructions) The first question is from Howard Flinker of Flinker & Company. Howard Flinker - Flinker & Company: Edmund hi.

Hi. Hello Flinker. Howard Flinker - Flinker & Company: Hi. I hear that some of your small competitors have gone out of business, is that true?

Yes. Some of the -- our small competitors is gone out of the business already. Howard Flinker - Flinker & Company: So, some of that business is available for everybody, including China Ceramics.

Yes. Howard Flinker - Flinker & Company: I also hear that some other customer -- some other competitors are being pressured by the banks to close because the banks don’t think they can continue in business, is that also true?

Yes. There are also from the bank have some pressure to just small competitor too. Howard Flinker - Flinker & Company: So you might be able to get some of that business too.

Yes. If the market goes smooth. Howard Flinker - Flinker & Company: Yeah. Right. So that’s an addition to what’s already going on in the upturn in demand. That’s pretty encouraging. I don’t have any other questions.

Thank you very much. Howard Flinker - Flinker & Company: Thanks.

(Operator Instructions) The next question is from line of James Huang of Oppenheimer.

Jia hi.

Hi.

My question is a follow up to Howard Flinker’s question. I’m wondering have you done anything yet to go after any of this business from some of your smaller competitors.

Well, we’re still working with our distributors and our marketing team still promoting our products for some or recently we have obtained this China’s 500 most valuable brand and I mean we’re still promoting ourselves to be one of the best solid producer to our customers to -- in order to have some more orders from the market.

Okay. Let me serve extended, so you, I think, you should be saying that some of the business will naturally come to you because customers will be concerned about who they were buying from and they’ll be aware of the fact that you are one of the most recognizable brands and will simply gravitate toward you. Is that true?

Yeah. Some of this customer will come to us actually directly.

Have you also -- have you considered making any deals though with some of the smaller competitors, taking advantage of your better situation?

Yeah. We stand for a very good position to have the new contracts from this type of the customers. But yeah it’s just -- I think the market just share out some of its customer base.

And if that happens, I suppose, there would be announcement about it from you.

Yeah.

Okay. And last question is do you have any comment about the overall outlook for the business internationally and in China, do you feel that there is a risk of dramatically increased softness in China or not?

Of course, we are working very hard in China. And at the same time, we also try to export some export sale to overseas.

Have you given any thought to come into America?

Sorry?

Have you given any thought to selling your products in the United States?

Yeah. We are still investigating on this topic and we actually have sent some of our products to overseas like, for example, to U.S. and we are still exploring this market.

Okay. Well, thank you.

Thank you very much.

(Operator Instructions) There are no further questions. I'd like to turn the call back over to the presenters.

Hey, thank you, [Karen]. Thank you very much. On behalf of the entire China Ceramic's management team, we’d like to thank all of you for your interest and participation on this call. This concludes China Ceramics second quarter 2013 earnings call. Thank you all very much.

You may now disconnect.