Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
*
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 1164) ANNOUNCEMENT PRICE SENSITIVE INFORMATION AND PROFIT WARNING
This announcement is made pursuant to Rule 13.09 of the Rules
Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited.
Reference is made to the announcements dated 12 March 2012, 8
December 2011 and 4 August
2011 (the "Announcements") and the 2011 annual report (the
"Annual Report") of CGN Mining Company Limited (the
"Company"). The Company and its subsidiaries are collectively
referred to as the Group (the "Group").
As disclosed in the Announcements, the Group discovered that
since June 2011, there has been a substantial decrease in the
sales of Osteoform compound calcium amino acid chelate food
capsule ("Osteoform Food Product"). The food hygiene licence
obtained by the Group was expired on 25
November 2011. Due to the change of relevant rules and
regulations relating to food hygiene, the food hygiene
licence for Osteoform Food Product was unable to obtain its
renewal and therefore the Group had stopped the production of
Osteoform Food Product in 2011.
As a result of the above events and after reviewing the
available financial information of the Group, the Board
expects that the profits of the Group for the three months
ended 31 March 2012 will record a substantial decrement when
compared with the corresponding three months ended 31
March 2011, as a result of the substantial decrease in the
sales of pharmaceutical and food products like Osteoform Food
Product, Osteoform Vitamins with minerals dispersible tablet
and Madaus products.
The Company is in the process of preparing the unaudited
quarterly results of the Group for the three months ended 31
March 2012. The information contained in this announcement is
only based on the preliminary assessment by the Company's
management according to the preliminary draft consolidated
financial statements of the Group. Details of the Group's
performance will be disclosed as and when the unaudited
quarterly results for the three months ended 31 March 2012
are announced.
1
By Order of the Board
CGN Mining Company Limited Mr. He ZuyuanChief Executive Officer
Hong Kong, 14 June 2012
As at the date of this announcement, the board of directors of the Company comprises three executive directors: Mr. He Zuyuan (chief executive officer), Mr. Li Zhengguang and Ms. Zheng Xiaowei, three non-executive directors: Mr. Yu Zhiping (chairman), Mr. Wei Qiyan and Mr. Chen Zhiyu and three independent non-executive directors: Mr. Ling Bing, Mr. Qiu Xianhong and Mr. Huang Jinsong.
* for identification purposes only
2
distributed by |