CHINA XD PLASTICS COMPANY LIMITED

Reconciliation of Net Income to EBITDA

Three Months Ended

June 30,

2017

2016

Net Income

$ 28,063,992

$ 33,355,774

Interest expense

11,951,851

10,628,222

Income tax expense

4,119,756

5,253,628

Depreciationandamortizationexpense

10,585,602

7,178,232

EBITDA

$ 54,721,201

$ 56,415,856

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