The board of directors of BBMG Corporation informed the shareholders of the company and potential investors that, based on the preliminary estimations and calculations of the finance department of the company, the Group is expected to record a net profit attributable to shareholders of the listed company of RMB 380 million to RMB 450 million for the first quarter ended 31 March 2017. The Board considers that such increase in the operating results for the first quarter ended 31 March 2017 is mainly because of the increase in booked GFA for the property development segment as compared with the same period of 2016, thereby resulting in the increase in the segment revenue and profit as compared with the same period of 2016. Also, due to the further improvement in the market order of the cement core areas of the company, prices for cement and clinker have increased as compared with the same period of 2016, thereby resulting in the increase in segment revenue and gross profit margin as compared with the same period of 2016.