CITIC Resources Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2016. The board of directors of the company informed the shareholders of the company and potential investors that, based on its current review and preliminary assessment of the latest management accounts of the Group for the year ended 31 December 2016, the company is expecting to record a consolidated profit attributable to shareholders for the year ended 31 December 2016 as compared to the audited consolidated loss attributable to shareholders recorded for the year ended 31 December 2015. The expected consolidated profit attributable to shareholders for the year is primarily attributable to the following factors: (A) a fair value gain recorded for the Year in respect of the Group's interest in Alumina Limited ("AWC"), as compared to a fair value loss for the Corresponding Period. (B) a reduction in rent tax and export duty charged in Kazakhstan; and (C) a write-back of a provision of about HKD 167.3 million made previously by the Group in respect of a tax assessment on JSC Karazhanbasmunai ("KBM").