Maoye International Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2017. The board of directors of the company inform the shareholders of the company and potential investors that, based on a preliminary review of the consolidated management accounts of the Group for the six months ended 30 June 2017, the group expects to record approximately RMB 550 million to RMB 650 million in the consolidated net profit for the six months ended 30 June 2017, representing a significant increase in the consolidated net profit of RMB47.89 million as compared to the same period in 2016. Such result is mainly attributable to: the group recognized one-off investment gains of approximately RMB 460 million (after deducting taxes and transaction costs) from the disposal of part of the equity interests of Maoye Communication and Network Co. Ltd. in the first half of 2017; and the increase in revenue and profit from the retail business of the group.