RAL: Explanation for submitting audited FS of H2/2010

Rangdong Light Source and Vacuum Flask Joint Stock Company (HoSE: RAL) has explained submitting audited financial statements of 06 months 2010 late as follows:

* In July and August 2010, the production had much fluctuation because the USD rates consecutively increased and loans from banks were difficulty.

* In 2009, RALACO got preferential subsidies. Therefore, RALACO took more time to explain its capital usage to State Audit of Vietnam. On 09 October 2010, State Audit of Vietnam concluded RALACO used the borrowing capital on proper purpose and effectively.

* RALACO submitted the audited financial statements of 06 months 2010 to the HOSE before October 20, 2010.

hose

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