The board of directors of Nine Dragons Paper (Holdings) Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited management accounts and other currently available information of the Group, if the exchange losses on operating and financing activities net of tax were excluded, the profit attributable to equity holders of the company for the six months ending 31 December 2017 (the "Period") is expected to increase not less than 90% as compared to the six months ended 31 December 2016 (the "Corresponding Period"), due to an increase in selling price of the products and a better profit margin of the Group.