The Board of Directors of Delong Holdings Limited announced that following a preliminary review of the unaudited results for the three months period ended June 30, 2016, the company is expected to report a significant increase in net profit for the second quarter of 2016, compared to the net profit reported for the three months ended March 31, 2016. The increase in net profit is mainly due to the continued increase in sales volume amid tighter supplies following production cuts in PRC in 2015, and restocking by customers. The expected increase in net profit is also partially attributable to higher average selling prices of products sold, and lower raw materials prices for production in the second quarter of 2016.