The third round of six-party talks on the Korean Peninsula nuclear issue will conclude Saturday at the Diaoyutai State Guesthouse in downtown Beijing, a source with the press office of the talks said Friday.

There will be no closing ceremony, the source said, adding that the exact timetable for the conclusion of the talks has not set yet.

Chinese Vice-Foreign Minister Wang Yi, also the head of Chinese delegation, will hold a press conference, which will be televised live, sometime after the talks end, the source said.

The third round of six-party talks started last Wednesday. All parties in the last two days tabled their own proposals or detailed plans for resolving the nuclear issue, and they also held discussions on these plans Thursday, according to a source with the Chinese Foreign Ministry.

The six parties include China, the Democratic People's Republic of Korea, the United States, the Republic of Korea, Russia and Japan.