The board of directors of Wanguo International Mining Group Limited announced that, based on a review of the Group's unaudited consolidated management accounts for the year ended 31 December 2017, the Group is expected to record an increase of approximately 200% in net profit for the year ended 31 December 2017 as compared to the net profit for the year ended 31 December 2016. The surge in net profit is mainly attributable to the increases in metal prices, production scales and capacity, as well as the increase in the volume of concentrates sold by the Group during the year ended 31 December 2017.