Shunfeng International Clean Energy Limited provided earnings guidance for the year 2016. For the year, the group expected to record a loss of approximately RMB 923 million for the year 2016. Since the date of the Announcement, the Board has further reviewed the unaudited management accounts of the Group for the 12 months ended 31 December 2016, including the figures for November and December 2016. The Board update the shareholders and potential investors of the company that based on the latest assessment by the Board of the company with reference to the information currently available, it is expected that the loss for the Year 2016 will increase to approximately RMB 2,400 million, as compared to a profit of approximately RMB 58 million for the Year 2015, and is mainly attributable to the following reasons: (a) the recognition of an impairment loss of approximately RMB 259 million on the Group's investment in Suniva Inc. and a provision of approximately RMB 228 million in relation to certain potential financial liabilities of Suniva Inc. for the Year 2016.