The board of directors of the Lingbao Gold Group Company Ltd. announced that the net profit attributable to the equity shareholders of the Company for the six months ended 30 June 2017 is expected to be approximately RMB 20,000,000 as compared to the corresponding year of 2016, of which the net loss attributable to the equity shareholders of the Company was approximately RMB 104,959,000. The anticipated profit of the Group was mainly attributable to; the price of copper foil increased as compared to the corresponding year of 2016; and the significant decrease in fair value loss of financial instruments as compare to the corresponding year of 2016. This positive profit alert announcement is only based on the preliminary review on the unaudited management accounts of the Group and the current information available, which has not been confirmed nor audited by the Company's auditor.