The board of directors of China Polymetallic Mining Limited announced that, based on the company's preliminary assessment of the latest unaudited consolidated management accounts of the Group, it is expected that the Group's losses attributable to the owners of the company for the six months ending 30 June 2016 will increase as compared to the corresponding period of 2015. Such anticipated losses are mainly attributable to: a significant decline in production volume as compared to corresponding period of 2015 as it has been very difficult to resume production at Shizishan Mine due to the continual impact of downhole water flowing and fragmentation of wall rocks near the mine; and a decrease in the market prices of the Company's products as compared to corresponding period of 2015 as a result of the general weakness in the metal markets.