Zhongsheng Group Holdings Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company informed the shareholders and potential investors of the Company that based on a preliminary review of the currently available financial information and the consolidated management accounts of the company, it is expected that the Group will record a substantial increase in consolidated profit for the year ended December 31, 2016, and the expected profit attributable to owners of the parent for the year ended December 31, 2016 will be not less than 350% of the same for the corresponding period of last year. The expected growth in profit attributable to owners of the parent is primarily attributed to further demonstration of advantages on brand portfolio and regional location; increase in new car sales and favourable supply-and-demand pattern; and continuous improvement in operation management and per capita performance.