Labixiaoxin Snacks Group Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that based on the information currently available to the board and the preliminary review of the unaudited management accounts of the group for the year ended December 31, 2016, the group is expected to record a total sales of approximately RMB 892.9 million for the year ended December 31, 2016 as compared to the total sales of approximately RMB 1,047.4 million for the year ended December 31, 2015 and a net loss of approximately RMB 601.7 million for the year ended December 31, 2016 as compared to the net loss of approximately RMB 338.2 million for the year ended December 31, 2015.