The board of directors of West China Cement Limited inform the shareholders of the company and potential investors that, based on the preliminary review of the unaudited management accounts of the Group up until November 30, 2017, the company expects to record a substantial increase in net profit for the year ended December 31, 2017 as compared to the corresponding period of 2016 due to the following factors include cement average selling prices have increased moderately in 2017 as compared to 2016. As a result, revenue of the Group for the eleven months ended November 30, 2017 recorded an increase of approximately 28% as compared to that for the eleven months ended November 30, 2016. As a result of the rise in the value of the RMB against the USD in the month of November 2017, as at November 30, 2017, the Group has recorded an unaudited foreign exchange gain of RMB 125.9 million, mainly arising from the foreign exchange translation from USD to RMB of the 2019 Senior Notes issued by the company in September 2014. This is compared with a foreign exchange loss of the Group of RMB 157.5 million for the eleven months ended November 30, 2016.