Guangzhou Automobile Group Co., Ltd. provided earnings guidance for the year ended December 31, 2016. Based on the preliminary estimations of the financial department, the net profit realised and attributable to shareholders of the company for the year ended 31 December 2016 is expected to increase by 30% to 55%, compared with the same period last year. Main reason for the estimated increase of results during the period: The sales of the star vehicle models of the self-developed brand, Guangzhou Automobile Group Motor Co. Ltd., has realised a substantial growth with an increase in annual sales of 90.66% compared with the same period last year; The annual sales of new SUV model for Jeep launched by GAC Fiat Chrysler Automobiles Co., Ltd. has realised a substantial increase of 270.84% compared with the same period last year, turning loss into profit; Main joint ventures Guangqi Honda Automobile Co., Ltd. and GAC Toyota Motor Co. Ltd. have maintained steady growth with an increase in annual sales of 10.12% and 4.64% respectively compared with the same period last year; and The growth in sales realised by self-developed brand and main joint ventures has enhanced the effect of coordination between respective whole vehicle enterprises and different segments of the Company, including components and parts, commercial services and financial segments, resulting in a larger growth of the overall operating results compared with the same period last year.