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 company's unaudited management accounts for the year ended 31 December 2017, the Group is expected to record a substantial decline in net profit for the year ended 31 December 2017 as compared to the net profit for the year ended 31 December 2016. The expected decline in net profit is mainly due to the decrease in the market price of stainless steel and carbon steel raw materials in the first five months ended 31 May 2017 as well as the decrease in the market price of stainless steel raw materials in November 2017.