VPower Group International Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2017. Based on the currently available information and the preliminary review and assessment of the draft unaudited consolidated management accounts of the Group, the Board to inform the shareholders and prospective investors of the company that the profit for the six months ended 30 June 2017 attributable to the owners of the company is expected to record a significant increase of more than 150% as compared with the corresponding period in 2016. The expected significant increase in the profit for the six months ended 30 June 2017 attributable to the owners of the Company is mainly due to the increase in the Group's revenue as a result of significant growth of the IBO segment revenue as compared to the corresponding period in 2016; the increase in the Group's overall gross profit as a result of strong growth of the IBO business which has a higher gross profit margin; and the above impacts are partially offset by the unrealized foreign exchange loss primarily due to the Euro appreciation in the first half of 2017.