The board of directors of Tiangong International Company Limited announced that, based on the preliminary review of the management accounts of the Group, the Group is expected to record a significant increase of approximately 30% in its unaudited consolidated net profit for the year ended 31 December 2016 as compared to audited consolidated net profit for the corresponding period in 2015. The increase is mainly contributed from the Group's die steel and titanium segment. Benefited from the recovery in demand from domestic high-end equipment manufacturing industry, the Group's die steel and titanium segment record an increase in sales volume.