The board of directors of Da Ming International Holdings Limited informed the shareholders of the company and potential investors that based on the management's preliminary assessment of the unaudited management accounts, the Group is expected to record a significant increase in net profit for the year ended 31 December 2013 as compared with the year ended 31 December 2012. The improvement in the overall results of the Group for the year ended 31 December 2013 as compared with the year ended 31 December 2012 was principally due to the unaudited sales volume and processing volume of its stainless steel processing services for the year ended 31 December 2013 were approximately 974,133 tonnes and 1,419,663 tonnes, respectively, representing an increase of 38.6% and 45.5%, respectively, as compared with those for the year ended 31 December 2012; higher demand for the deep processing services provided by the Group as reflected by a higher processing multiple of 1.46 for the year ended 31 December 2013 as compared with 1.39 for the year ended 31 December 2012; and enhancement in management control which improved efficiency and reduced operating cost.