Coslight Technology International Group Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2017. The Board anticipates that the profit for the period will decrease significantly as compared to the corresponding period in 2016 which is attributable to the increase in the prices of raw materials while the rise in selling price is unable to offset the escalation in the prices of raw materials including lead and lithium, resulting in a decrease in profit for the period. Given the fierce competition in the market for sales of sealed lead acid batteries and power batteries, the increase in the prices of raw materials poses considerable pressure to the profit of the Group. The sales volume for the six months ended 30 June 2017 decreases by approximately 2% as compared to the corresponding period of last year which is primarily due to the sales of power batteries for electric vehicles failing to meet the management's expectation.