The board of directors of Lingbao Gold Company Ltd. announced that the net profit attributable to the equity shareholders of the company for the nine months ended 30 September 2014 expected to be approximately RMB 19,000,000 as compared to the same period in 2013, of which the unaudited net loss attributable to the equity shareholders of the company was approximately RMB 353,000,000. Such expected increases are mainly due to the significant decrease in the write-down in value of inventory as compared to the corresponding period last year and reversal of previous year write-down in value of inventory.