China Molybdenum Co., Ltd. provided earnings guidance for the full year ended December 31, 2015. Based on the preliminary calculations prepared by the finance department, the company is expected to record a 50% to 70% decrease (approximately RMB 912.13 million to RMB 1,276.98 million) in the net profit attributable to the shareholders of the company for 2015 as compared with the corresponding period in the preceding year. The decrease in net profit attributable to shareholders of the company in 2015 was due to the continued fall in the price of the main products of the company (approximately 20% to 30%) and the disposal of non-core assets (which resulted in a reduction in revenue of approximately RMB 443 million, as compared with the corresponding period in the preceding year).