Mr. Herrick Lau reports

REVISED: CROWNIA HOLDINGS REPORTS FINANCIAL RESULTS FOR PERIOD ENDED SEPTEMBER 30, 2015

Crownia Holdings Ltd. has released its financial results for the period ended Sept. 30, 2015.

Crownia, through its wholly owned subsidiary Jinsili International Steel Holdings Co. Ltd., is a global specialty steel trader and distributor that sells a wide range of specialty steel products, connecting a strategic network of Chinese steel suppliers and specialty steel customers in markets around the world. Seeking to become a leading specialty steel trader in the global markets, Crownia anticipates significant growth potential in the global specialty steel market. The company is currently focused on expanding its network of specialty steel product suppliers in order to offer a broad range of products to customers.

Below are the highlights of Jinsili's financial results for the period ended Sept. 30, 2015. For complete details of the unaudited interim consolidated financial statements and associated management's discussion and analysis, please refer to the company's filings on SEDAR.

• Revenue increased from $1,925,558 (U.S.) for the three months ended Sept. 30, 2014, to $2,896,635 (U.S.) for the three months ended Sept. 30, 2015, representing a 50-per-cent quarter-over-quarter growth as a result of continuous efforts on expanding sales networks.
• Net loss was $615,518 (U.S.) for the three-month period ended Sept. 30, 2015, compared with a net income of $31,383 (U.S.) for the period ended Sept. 30, 2014. The decrease was primarily attributed to the increased operating expenses due to the one-off listing expense arising from the completion of the qualifying transaction as a reverse takeover.
• Working capital was $2,634,407 (U.S.) for period ended Sept. 30, 2015, improved from $1,879,592 (U.S.) for year ended June 30, 2014, as a result of primarily from the proceeds raised from the concurrent financing to the qualifying transaction, and decreased net effect of accounts receivable and decreased accounts payable.

We seek Safe Harbor.