The board of directors of the China Nonferrous Mining Corporation Limited provided that shareholders and potential investors of the company that based on a preliminary assessment of the unaudited consolidated management accounts of the group and the information currently available to the Board, the revenue and the profit attributable to owners of the company for the six months ended 30 June 2014 might increase by around 18% and 80% respectively as compared to the revenue and profit attributable to owners of the company for the corresponding period in 2013. The Board considers that the anticipated increase in the revenue of the group and the profit attributable to owners of the company for the six months ended 30 June 2014 is mainly attributable to: 1) an increase of main product output and income growth of around 18%; 2) the profits generated by Chambishi Copper Smelter Limited, which enjoys tax exemption, contributed a relatively large proportion to the profit of the Group; and 3) the fact that there is no need to make payment of Ireland dividend tax for the first six months of 2014 as compared to the corresponding period last year, and as a result, the amount of tax payment is decreased (that is, the profit is increased) by approximately USD 4,848,000 for the first six months of 2014. However, due to the decrease of international copper prices, the method of settlement of blister has changed so that freight charge is excluded from revenue, the Board expects that the gross profit margin of the group for the first half of 2014 will be similar to the corresponding period in 2013.