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BBMG Corporation Earnings Release 2017

Apr 11, 2017

50338_rns_2017-04-11_3b3c7b4f-805a-4508-af44-f61bafb0c6a3.pdf

Earnings Release

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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.

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北 京 金 隅 股 份 有 限 公 司 *** BBMG Corporation**

(a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2009)

POSITIVE PROFIT ALERT

This announcement is made pursuant to Rule 13.09(2) of the Listing Rules and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Board wishes to inform 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 RMB380 million to RMB450 million for the first quarter ended 31 March 2017.

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

This announcement is made by BBMG Corporation* (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 (the “ Listing Rules ”) and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company (the “ Board ”) wishes to inform 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 RMB380 million to RMB450 million for the first

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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.

The net profit attributable to shareholders of the listed company for the first quarter ended 31 March 2016 was RMB150,670,100, with basic earnings per share of RMB0.02 (adjusted for the bonus issue in 2016).

The information in this announcement is based on the Company’s preliminary estimations and calculations and has not been audited or reviewed by the independent auditors of the Company. Detailed financial information of the Group for the first quarter ended 31 March 2017 will be disclosed in the first quarterly report of 2017.

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

By order of the Board BBMG Corporation Jiang Deyi* Chairman

Beijing, the PRC, 11 April 2017

As at the date of this announcement, the executive directors are Jiang Deyi, Wu Dong and Zang Feng; and the independent non-executive directors are Wang Guangjin, Tian Lihui, Tang Jun and Ngai Wai Fung.

  • English translation denotes for identification purposes only
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