Lingbao Gold Company Ltd. provided earnings guidance for the year ended December 31, 2016. For the year, the company unaudited net loss attributable to the equity shareholders of the company is expected to record a significant decrease as compared to the corresponding year of 2015. The anticipated significant decrease in net loss of the Group was mainly attributable to (1) the prices of products such as gold and copper increased as compared to the corresponding year of 2015, and (2) the significant decrease in impairment of purchase deposits, trade and other receivable and property, plant and equipment as compare to the corresponding year of 2015.