CGN Mining : Positive Profit Alert (in PDF)

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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: 01164)

Positive Profit Alert

This announcement is made by the Company pursuant to Rule 13.09(2) of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

The Board wishes to inform the Shareholders and potential investors that the Group is expected to record a significant increase in the net profit for the year ended 31 December 2015 as compared to the corresponding period of the year 2014.

Shareholders and potential investors should exercise cautious when dealing in the shares of the Company.

This announcement is made by the Company pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

Based on a preliminary review of the Company's management on the management accounts of the Group, the board (the "Board") of directors (the "Directors") of CGN Mining Company Limited (the "Company", together with its subsidiaries, the "Group") wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that the Group is expected to record a significant increase in the net profit for the year ended 31 December 2015 as compared to the corresponding period of the year 2014.

Such expected increase in the net profit of the Group was mainly attributable to (i) the disposal by the Group of food, pharmaceutical and part of real estate business which achieved an one-off gain; (ii) the completion of acquisition of the entire equity interest in Beijing Sino-Kazakh Uranium Resources Investment Company Limited* ( 北京中哈鈾資源投資有限公司 ) which brings deduction of the natural uranium products costs through the sale of off-take quantity from the self-owned mine; and (iii) the turnaround of results of Semizbay-U Limited Liability Partnership, a joint venture of a fellow subsidiary of the Company, from loss to profit.

The Company is in the process of finalising its annual results of the Group for the year ended 31 December 2015. The information contained in this announcement is only based on a preliminary assessment by the management of the Company according to the unaudited consolidated management accounts of the Company for the year ended 31 December 2015, which have not been confirmed, reviewed or audited by the Company's auditors and may be subject to adjustments.

Details of the Group's financial results and performance will be disclosed in the audited results announcement of the Company for the year ended 31 December 2015 which is expected to be announced in March 2015. Shareholders and potential investors should read the Group's annual results announcement carefully.

Shareholders and potential investors should exercise cautious when dealing in the shares of the Company.

By Order of the Board

CGN Mining Company Limited Yu Zhiping

Chief Executive Officer

Hong Kong, 16 March 2016

As at the date of this announcement, the Board comprises two executive Directors: Mr. Yu Zhiping (chief executive officer) and Mr. Xing Jianhua, three non-executive Directors: Mr. Zhou Zhenxing (chairman), Mr. Chen Qiming and Mr. Yin Engang, and three independent non-executive Directors: Mr. Qiu Xianhong, Mr. Gao Pei Ji and Mr. Lee Kwok Tung Louis.

* For identification purpose only