West China Cement Limited provided group earnings guidance for the year ending December 31, 2015. The company expects that due fall in the value of the RMB against the USD in the month of September 2015, as at 31 October 2015, the group has recorded an unaudited foreign exchange loss of RMB 99.7 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 5.3 million for the year ended 31 December 2014; and average selling prices have not deteriorated significantly during 2015, they have remained at a low level.

As a result, revenue of the group for the 10 months ended October 2015 was RMB 2,916.8 million. This is compared with the revenue of the group of RMB 3,883.4 million for the year ended December 31, 2014, will have a substantial negative impact to the results of the Group for the year ending December 31, 2015 as compared with the year ended December 31, 2014.