China Electronics Corporation Holdings Company Limited provided consolidated earnings guidance for the six months ending June 30, 2017. Based on the unaudited consolidated management accounts of the Group for the five months ended 31 May 2017 and other information currently available, the board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expecting to record a decline of approximately 80% to 90% in the consolidated profit attributable to owners of the Company for the six months ending 30 June 2017 as compared to the six months ended 30 June 2016. Such expected decline in profit is primarily due to (i) for the six months ended 30 June 2016, the Group had recognised an one-off gain of HKD 620.8 million arising from the disposal of China Electronics Technology Development Co. Ltd. and the subscription of new shares in China Electronics Optics Valley Union Holding Company Limited; and (ii) for the six months ended 30 June 2016, the Group had recognised an one-off accounting gain representing negative goodwill of HKD 409.4 million arising from the acquisition of 31.88% interest in CEOVU. It should be noted that the extent of decline in profit is subject to the actual performance of the Group in the month of June 2017 and may be different from the range disclosed above.