Loudong General Nice Resources (China) Holdings Limited provided earnings guidance for the six months ended June 30, 2015. The board of directors of the Company announced that, based on the preliminary review of the consolidated management accounts of the Group, it is expected that the Group may record a significant loss for the six months ended June 30, 2015 as compared to the profit recorded for the six months ended June 30, 2014. The market selling price of metallurgical coke products in the first half of 2015 had continuously been decreasing, amidst a slowing global economy and a tepid domestic market in China; and the income tax expense aroused from the trading segment, together with significant provision on receivables and prepayments due to the struggling coal and coke industry.

As a result of the aforesaid reasons, the Group's financial performance for the six months ended June 30, 2015 has been adversely affected.