The board of directors of the China Glass Holdings Limited announced that according to the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016 and other information currently available, the Group expects to record a slight profit for the year ended 31 December 2016, as compared to a net loss of approximately RMB 480.1 million recorded for the year ended 31 December 2015. The profit recorded by the Group for the year ended 31 December 2016 was mainly attributable to an increase in selling price and profit margin of the main products of the Group as compared to the corresponding period in 2015, as a result of the gradual recovery of the PRC glass market in 2016.