China Oriental : Announcements and Notices - Voluntary Announcement on Business Update

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CHINA ORIENTAL GROUP COMPANY LIMITED

中 國 東 方 集 團 控 股 有 限 公 司 *

（incorporated in Bermuda with limited liability）

（Stock code：00581）

VOLUNTARY ANNOUNCEMENT

ON BUSINESS UPDATE

This is a voluntary announcement made by China Oriental Group Company Limited (the "Company", together with its subsidiaries, the "Group") to inform its shareholders of the latest business development of the Group.

The board of directors of the Company (the "Board") are pleased to announce the unaudited key operating data of the Group for the three months ended 31 March 2019 as follows:

	3 months ended
	31 March 2019
	Unaudited
Sales volume of self-manufactured steel	Approximately 2.44 million
products (tonnes)
Gross profit per tonne of self-manufactured	Approximately 400-450 per tonne
steel products (RMB)
Operating profit after net finance costs (RMB)	Approximately 1.0 billion

This voluntary announcement is based on the preliminary assessment by the Board with reference to the unaudited operating information of the Group for the three months ended 31 March 2019 and the information currently available to the Company, which have not been audited or reviewed by the Company's auditor or the audit committee of the Board, and is therefore subject to change. As such, the above data, which is preliminary in nature, is provided for the shareholders of the Company and potential investors' reference only. The shareholders of the Company and potential investors are advised to exercise caution and not to place undue reliance on such data when dealing in the securities of the Company.

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By order of the Board

China Oriental Group Company Limited

HAN Jingyuan

Chairman and Chief Executive Officer

Hong Kong, 23 April 2019

As at the date of this announcement, the Board of Directors of the Company comprises Mr. HAN Jingyuan, Mr. ZHU Jun, Mr. SHEN Xiaoling, Mr. ZHU Hao and Mr. HAN Li being the Executive Directors, Mr. Ondra OTRADOVEC being the Non-executive Director and Mr. WONG Man Chung, Francis, Mr. WANG Tianyi and Mr. WANG Bing being the Independent Non-executive Directors.

This announcement is published on the websites of the Company (www.chinaorientalgroup.com) and The Stock Exchange of Hong Kong Limited (www.hkexnews.hk).

*For identification purposes only

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