The board of directors of Golden Resources Development International Limited announced that based on information currently available, the results of the group are expected to record a significant increase in net profits for the year ended 31 March 2015, as compared to that for the year ended 31 March 2014. The Board considers that such significant increase in net profit was mainly attributable to (i) the profit on disposal of an associate of approximately HKD 35 million; and (ii) the unrealized gain on financial assets at fair value through profit or loss of approximately HKD 17 million (2014: a loss of approximately HKD 6.3 million). The company is still in the process of finalizing the annual results for the financial year ended 31 March 2015.

The information contained in this announcement is only a preliminary assessment by the directors of the group and is not based on any figures or information which has been audited or reviewed by the company's auditors.