China Fiber Optic Awarded Forbes' "2012 China's Most Promising Listed Companies"

HONG KONG, Feb. 7, 2012 /PRNewswire-Asia/ -- China Fiber Optic Network System Group Ltd. (parent company of Hebei Sapphire Communication Equipment Co., Ltd.; stock code: 3777), the largest manufacturer of fiber optic patch cords, is pleased to announce that it has been ranked number 15 in the top 100 of Forbes China's "2012 China's Most Promising Listed Companies", proving the company's outstanding performance in terms of profit, sales growth and return on equity.

This is Forbes China's eighth selection of the most promising small to medium enterprises (SME). The screening covered over 10,000 SMEs in China with revenue of RMB 5 million to RMB 1 billion in 2010. The rankings were calculated based on indicators of business growth (revenue growth and profit growth), return index (return on total assets and return on net assets), profitability index (net profit margin) and scale index (total revenue and net profit) for compound and weighted calculations, and adjusted based on operating conditions in 2011.

Mr. Randy Hung, Executive Director and Chief Financial Officer of China Fiber Optic, said, "The Group is greatly honored to be selected as one of Forbes Magazine's "2012 China's Most Promising Listed Companies". This shows that China Fiber Optic has received worldwide attention and recognition. The Group will continue to strengthen its profitability and strive to achieve better results in return for the support of shareholders."

The full rankings of "2012 China's Most Promising Listed Companies" are published in the January 2012 issue of Forbes China. For more information, please visit www.forbeschina.com/list/1673/more.

About China Fiber Optic Network System Group Ltd.

China Fiber Optic Network System Group Ltd. is the largest manufacturers of fiber optic patch cords in China. The Group produces and sells a comprehensive portfolio of fiber optic patch cord products used in a variety of applications in the communications industry. According to CCID, sales of the Group's fiber optic patch cords accounted for 18.6% of China's total in 2010. Please visit Company's website at www.chinafiberoptic.com.

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