Lingbao Gold Co., Ltd. announced that unaudited net loss attributable to the equity shareholders of the company for the nine months ended 30 September 2015 is expected to be approximately RMB 110,000,000 as compared to the corresponding year of 2014, of which the net profit attributable to the equity shareholders of the company was approximately RMB 19,246,000. Such turnaround from profit to loss was mainly due to (i) the production cost was much higher as compare to the corresponding year of 2014 in which the low cost of production in 2014 was resulted from the write-down in value of inventory for the year 2013; and (ii) the write-down in value of inventory.