The Board of Geely Automobile Holdings Limited informed the shareholders and potential investors that the Group is expected to record a significant increase of over 100% in its total net profit attributable to the company's equity holders (the "Net Profit") for the six months ended 30 June 2017 as compared with the net profit of RMB 1.91 billion for the six months ended 30 June 2016. The Directors believe that the significant increase in the net profit for the six months ended 30 June 2017 is mainly attributable to the substantial increase in sales revenue, as a result of the large increase in overall sales volume and the improvement in product mix during the period.