The board of directors of Lingbao Gold Company Ltd. informed the shareholders of the company and potential investors that the financial results of the Group is expected to record a profit for the six months ended 30 June 2014 as compared to a loss with the corresponding period last year. 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.