The board of directors of China Molybdenum Co., Ltd. informed the shareholders of the company and potential investors that, during the period of the estimated results (from 1 January 2018 to 30 June 2018), based on the preliminary estimation by the financial department of the company, it is estimated that the net profit attributable to equity holders of the company for the six months ended 30 June 2018 will increase by an amount between RMB 2.265 billion and RMB 2.465 billion, representing an increase between 271.21% and 295.16% as compared with the same period of last year, thus the net profit attributable to equity holders of the company for the six months ended 30 June 2018 of the company is estimated to be between RMB 3.1 billion and RMB 3.3 billion. In addition, it is estimated that the net profit attributable to equity holders of the company after deduction of non-recurring loss/profit will increase by an amount between RMB 1.97 billion and RMB 2.17 billion, representing an increase between 169.96% and 187.21% as compared with the same period of last year, thus the net profit attributable to equity holders of the company after deduction of non-recurring loss/profit for the six months ended 30 June 2018 of the company is estimated to be between RMB 3.129 billion and RMB 3.329 billion. The increase of the estimated results of the company for the six months ended 30 June 2018 is mainly attributable to the following reasons: (i) during the six months ended 30 June 2018, the market prices of the major metal products of the company, namely copper, cobalt, molybdenum and tungsten, increased significantly as compared with the same period of last year; (ii) during the six months ended 30 June 2018, the company's interests expenses decreased, while interests and investment incomes increased as a result of the completion of the its non-public issuance of A shares in July 2017 and raised an total amount of RMB 18 billion; and (iii) in 2016, the company successfully acquired the copper and cobalt minerals business in Congo (DRC) (the "Copper and Cobalt Business") and the financial statements in respect of the 24% minority interests exclusively locked by the company of the Copper and Cobalt Business was consolidated into the financial account of the company on 20 April 2017. Therefore, the 2018 interim results of the company had included the 2018 interim results of such minority interests and the consolidation period for it in the first half of 2018 was longer than the same period of last year.