Geely Automobile Holdings Limited provided earnings guidance for the year ended December 31, 2016. The Group is expected to record a significant increase of over 100% in its net profit for the year ended 31 December 2016 as compared with the net profit of RMB 2.26 billion for the year ended 31 December 2015. The Board believes that the significant increase in the net profit for the year ended 31 December 2016 was mainly attributable to the significant increase in sales revenue, as a result of the significant increase in overall sales volume and the improvement in product mix during the year.