Lingbao Gold Group Company Ltd. announced that the unaudited net profit attributable to the equity shareholders of the Company for the year ended December 31, 2017 is expected to be approximately CNY 70,000,000 as compared to the corresponding year of 2016, of which the net loss attributable to the equity shareholders of the Company was approximately CNY 77,456,000. The increase in profit of the Group for the year ended December 31, 2017 was mainly attributable to: (i) the management team strengthen the management and operation efficiency of the Group; and (ii) the increase in sale volume of high gross margin copper products as compare to the corresponding year of 2016.