The board of directors of China MeiDong Auto Holdings Limited announced that the Group is expected to record substantial growth in both revenue and net profit for the year ended 31 December, 2016 due to expansion of business scale and further enhancement of operating efficiency. Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016, the Group expects to record a substantial increase of over 35% in its consolidated net profit attributable to equity holders for the year ended 31 December 2016 as compared to the consolidated net profit recorded in the corresponding period of last year.