CGN Mining Company Limited provided earnings guidance for the six months ended June 30, 2016. Based on a preliminary review of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2016 by the Company's management, the board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to record a significant increase in net profit for the six months ended 30 June 2016 as compared to the corresponding period of the year 2015. The expected increase in net profit of the Group was mainly attributable to (i) profit from trading of natural uranium in the first half year of 2016; (ii) the profit from Semizbay-U Limited Liability, a joint venture owned as to 49% equity interest by the Group, in the first half year of 2016; and (iii) gain on bargain purchase arising from the acquisition of 19.99% equity interest in Fission Uranium Corp. in Canada.