China Daye Non-Ferrous Metals Mining Limited provided earnings guidance for the year ended December 31, 2016. For the year, the company expects net loss of the Group for year ended 31 December 2016 is mainly attributable to the significant decrease in the recognition of write-down of inventories and impairment of assets for the year ended 31 December 2016. There were a write-down of inventories amounting to approximately RMB 612,280,000 and an impairment of assets amounting to approximately RMB 567,653,000 due to a significant decline in copper price for the year ended 31 December 2015. In view of the above, the Board expects that the Group will record a decrease in net loss for the year ended 31 December 2016 of not less than RMB 1,000,000,000 (2015: net loss for the year of approximately RMB 1,190,225,000).