The board of directors of Xingye Copper International Group Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the management accounts of the group, it is expected that the net profit of the group will be increased significantly for the six months ended 30 June 2015 as compared to the net profit for the corresponding period in 2014. The increase in net profit for the current period is mainly attributable to (1) the loss on disposal/written-off of property, plant and equipment incurred in the prior period; and (2) the impairment loss of property, plant and equipment incurred in the prior period.