Fortunet e-Commerce Group Limited provided preliminary earnings guidance for the year ended December 31, 2016. For the year, group expects to record a decrease in its net loss for the year ended December 31, 2016 of more than 50% as compared to that for the year ended December 31, 2015 of RMB 615 million. Such expected decrease in net loss is primarily attributable to, among other things, less provisions or write-down are expected to be made for the year ended December 31, 2016 than for the year ended December 31, 2015. For the year ended December 31, 2015, the group recorded impairment losses of RMB 54 million on property, plant and equipment, impairment losses of RMB 263 million on trade and other receivables, and the write-down of RMB 134 million on inventories, whereas less provision or write-down is expected to be made for the year ended December 31, 2016.