The board of directors of the China Tianrui Group Cement Company Limited announced that based on the preliminary review of the unaudited management accounts of the group for the year ended December 31, 2015 and the information currently available, it is expected that the group will experience a decline of more than 30% in its net profit for the year ended December 31, 2015 as compared with the corresponding period of 2014. The principal reason for the decline is that, during 2015, the growth of market demand for cement had declined and the selling prices of cement products had dropped significantly as compared to 2014 due to the slower growth in China's fixed asset investments which has affected the cement industry in general.