The board of directors of the CRCC High-Tech Equipment Corporation Limited announced the shareholders and potential investors of the Company that based on the preliminary assessment of the unaudited consolidated management accounts of company and its subsidiaries for the year ended 31 December 2017 and information currently available to the Board, it is expected that the net profit attributable to the owners of the parent of the company will record a decline of approximately 85%-91% as compared to the year ended 31 December 2016, primarily due to a decline of approximately 48%-54% of the revenue of the Group for the Financial Period as compared to the year ended 31 December 2016 and the fixed cost.