Kingdom Holdings Limited provided consolidated earnings guidance for the year ending December 31, 2017. Based on the information currently available to the Board and the preliminary assessment of the Group's unaudited consolidated management accounts for the nine months ended 30 September 2017, the Board expects that the net profit of the Group for the year ending 31 December 2017 will decrease by not less than 60% as compared with the year ended 31 December 2016, primarily as a result of the lower gross margin arisen from the Group's strategic reduction of the average selling price of linen yarn since April 2016. In addition, a net exchange gain of RMB 14 million was recorded during the year ended 31 December 2016 and a net exchange loss of RMB 10.9 million was recorded during the first six months ended 30 June 2017.