Wanguo International Mining Group Limited informed the shareholders of the company and potential investors that based on a review of the Group's unaudited consolidated management accounts for the five months ended 31 May 2017, the Group is expected to record a surge in net profit for the six months ended 30 June 2017 as compared with that for the six months ended 30 June 2016. For the five months ended 31 May 2017 the Group recorded net profit of approximately RMB 18.1 million compared with a loss of approximately RMB 4.9 million for the corresponding period in 2016. In addition, a substantial volumes of concentrates products have not yet been delivered by the end of May 2017, the Group expects this will further increase the profits in June 2017. The expected surge in net profit is mainly attributable to the increases in metal prices, production scales and capacity as well as the increase in the volumes of concentrates sold by the group.