Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2016, the board of directors of China Unienergy Group Ltd. informed the shareholders of the company and potential investors that the Group is expected to record a significant increase in the consolidated net profit when compared to the unaudited consolidated net profit of the Group for the corresponding period in 2015, which was mainly attributable to the significant increase of revenue for the reporting period as compared with the corresponding period in 2015 due to the increase in the average selling price for clean coal and fine coal products, after the installation and the put into use of coal preparation facilities since the last quarter of 2015, as well as the increase in the prevailing market price of coal products, and the increased production capacity, and hence the sales volume, of its Weishe Coal Mine, Luozhou Coal Mine and Lasu Coal Mine which have been under joint trial run since the last quarter of 2015 and the first quarter of 2016 as a result of the technological upgrade of its mines.