The board of directors of the China Zhongsheng Resources Holdings Limited informed the shareholders and potential investors of the company that, based on the unaudited management accounts of the group for the five months' period ended May 31, 2015 and the management's assessment, it is anticipated that the group will record a loss for the six months ending June 30, 2015 as compared with a profit for the last corresponding period, mainly due to the decrease in the average selling prices of iron concentrates and titanium concentrates which resulted in the decrease in revenue.