CST Mining : UPDATE ON PROFIT WARNING (in PDF)

4b8ffb50-03e4-45d8-8fca-b6595eb0dfbc.pdf

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

NetMind Financial Holdings Limited 網智金控集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 985) UPDATE ON PROFIT WARNING

This announcement is made by NetMind Financial Holdings Group Limited (the "Company", and together with its subsidiaries, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the Company's profit warning announcements dated 30 March 2016 and 25 May 2016 (the "Profit Warning Announcements"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Profit Warning Announcements.

In addition to the information disclosed in the Profit Warning Announcements, the Board wishes to provide the Shareholders and the potential investors of the Company with further information that the estimated amount of the impairment loss in relation to the Group's copper mining business for the year ended 31 March 2016 was approximately US$65 million which included impairment loss recognised in respect of and written off of exploration and evaluation assets of approximately US$23 million, impairment loss recognised in respect of property, plant and equipment of approximately US$0.04 million and loss on inventories written down to net realisable value of approximately US$42 million, as compared with the impairment loss in relation to the Group's copper mining business for the year ended 31 March 2015 of approximately US$44 million which included impairment loss recognised in respect of and written off of exploration and evaluation assets of approximately US$19 million, impairment loss recognised in respect of property, plant and equipment of approximately US$1 million and loss on inventories written down to net realisable value of approximately US$24 million.

Shareholders and the potential investors of the Company should note that the information contained in this announcement is only based on the preliminary review by the Company's management on the unaudited management accounts of the Group, which has not been reviewed nor audited by the auditors of the Company.

Shareholders and potential investors are advised to exercise caution when dealing in the shares in the Company.

By order of the Board

NetMind Financial Holdings Limited Chiu Tao

Executive Director and Chairman

Hong Kong, 7 June 2016

As at the date of this announcement, the Board comprises (i) Mr. Chiu Tao (Chairman), Mr. Hui Richard Rui, Mr. Lee Ming Tung, Mr. Kwan Kam Hung, Jimmy, Mr. Yeung Kwok Yu, Mr. Tsui Ching Hung and Mr. Chen Weixing as executive directors; and (ii) Mr. Yu Pan, Ms. Tong So Yuet, Ms. Ma Yin Fan and Mr. Leung Hoi Ying as independent non-executive directors.