Feishang Anthracite Resources Limited provided consolidated earnings guidance for the six months ended June 30, 2015. The group is expected to incur an impairment loss on property, plant and equipment of the coal mine(s) of the group for the six months ended 30 June 2015, and in particular, the impairment loss in connection with the suspension of the operations at its Gouchang Coal Mine. The Board also expects that the group will record a significant increase in loss for the six months ended 30 June 2015 as compared to the loss recorded for the corresponding period in 2014.

The expected increase in loss is mainly attributable to the impairment loss and the increase in operating loss due to the decrease in the sales volume and the current decline in the selling price of the group's anthracite products in Mainland China as a result of the continual under-performance of the coal industry in Mainland China.