COSCO SHIPPING Development Co., Ltd. provided consolidated earnings guidance for the year ended 31 December 2017. Based on the preliminary estimation by the finance department of the Company, the Board expects the net profit attributable to the Shareholders for the year ended 31 December 2017 to be not less than RMB 1.3 billion, representing an increase of not less than RMB 931.4 million, or 252%, as compared with the corresponding figure of approximately RMB 368.6 million for the year ended 31 December 2016; and the net profit attributable to the Shareholders after deduction of non-recurring profit or loss for the year ended 31 December 2017 to be not less than RMB 1.25 billion, as compared with the net loss attributable to the Shareholders after deduction of non-recurring profit or loss of approximately RMB 1.64 billion for the year ended 31 December 2016.