The board of directors of Xinjiang Xinxin Mining Industry Co,.Ltd inform the shareholders of the company and potential investors that, based on the information currently available to the company and the preliminary assessment by the company's management with reference to the unaudited consolidated management accounts of the group for the year ended 31 December 2014, the group is expected to record (i) a significant increase in revenue for the Year representing approximately 300% increase from the previous year; and (ii) a net profit attributable to the Shareholders for the year as compared to a net loss attributable to the shareholders for the previous year. The Board considers that such increase in revenue and the turnaround of loss into net profit are primarily attributable to (1) significant increase in the sales volume of nickel cathode, the group's main product, for the Year including the release of the closing inventory of the nickel cathode products as at 31 December 2013, (2) decrease in the production cost of nickel cathode products for the Year, (3) the rebound of the market prices of nickel cathode in the Year, and (4) the inclusion of the revenue and loss as recorded by Xinjiang Wuxin Copper Mining Co. Ltd.