Hengdeli Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2016. The board of directors of the company, based on the preliminary review by the group's management of the unaudited consolidated management accounts of the financial year ended 31 December 2016 and information currently available, the company expects to record a loss attributable to its equity shareholders of approximately RMB 322 million during the reporting year (the corresponding period of last year: profit attributable to its equity shareholders of approximately RMB 145 million). The expected loss was mainly attributable to the provision of impairment on the goodwill of the group; and the withholding tax in connection with the anticipated payment of RMB 1.6 billion cash dividend by the company's subsidiaries in Mainland China.