Based on a preliminary review of CGN Mining Company Limited's management on the unaudited consolidated management accounts of the Group for the year ended 31 December 2017, 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 decrease in the net profit for the year ended 31 December 2017 as compared to the corresponding period in 2016. The expected significant decrease in net profit of the Group was mainly attributable to i) the decrease in selling price of natural uranium; ii) no one-off gain on bargain purchase arising from the acquisition of equity interest in Fission Uranium Corp., an associate of the company, in 2017 as compared to 2016; and iii) the share of results of Semizbay ­ U Limited Liability Partnership, a joint venture of the company, recorded a decline.