Xinjiang Xinxin Mining Industry Co.,Ltd provided consolidated earnings guidance for the six months ended June 30, 2016. For the period, the group expects that its net loss will have a significant decrease as compared with the net loss for the corresponding period of previous year. The Board believes that the significant decrease in net loss to be recorded as compared with the net loss for the corresponding period of previous year was mainly attributable to the disposal of Xinjiang Wuxin Copper Mining Co. Ltd. in June 2016.