China Lumena Announces Positive Profit Alert

Continues to Develop High-end PPS and Thenardite Products

Further Strengthens the Group's Leading Industry Position

HONG KONG, Aug. 8, 2011 /PRNewswire-Asia/ -- China Lumena New Materials Corp. ("Lumena" or the "Company", HKEx Stock Code: 67), one of the largest thenardite producers* and the world's largest PPS resin producer**, announced that based on the preliminary assessment of the unaudited management accounts of the Group for the six months ended 30 June 2011, the Group expects to achieve a substantial growth in its unaudited profits attributable to the Shareholders for the six months ended 30 June 2011 as compared to the unaudited profits attributable to the Shareholders for the corresponding period last year.

Mr. Zhang Zhigang, the Company's Chairman and Executive Director said, "Following the completion of the acquisition of Sino Polymer in January 2011, we have become one of the world's leading manufacturers of high-end special new materials. We will intensify our efforts in the R&D and promotion of high-end products to increase our profitability. We will put more efforts in the R&D of PPS and develop more applications for high end PPS and thenardite products. We will constantly develop more PPS products, with an attempt to further strengthen our leading position in PPS and thenardite industry and to maintain our core competitiveness."

About China Lumena New Materials Corp.

As a leading new materials and chemical enterprise in China, Lumena New Materials is the world's largest PPS resin producer* and one of the world's leading thenardite producers**. PPS is a special engineering thermoplastic widely used in electrical and electronic, automotive, rail transportation, environmental protection and emissions reduction, aeronautics and astronautics, and coatings applications, etc. It has been listed as one of the new materials to be developed and supported by the China's government in its 12th Five-Year Plan. The Company manufactures, develops and sells PPS resin, PPS compounds and PPS fibre. Equipped with the world's largest single line production facility, the Company produces numbers of high quality thenardite products such as powder thenardite, specialty thenardite and medical thenardite. It operates four captive underground glauberite mines and is the only approved and certified producer of medical thernadite in China.

* In terms of production capacity as of December 31, 2009, according to SRI Consulting, a research service firm
** In terms of production capacity as of 31 December 2010, according to Behre Dolbear & Company (USA) Inc., an independent market research consultant

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