Wuxi Sunlit Science and Technology Company Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company informed the shareholders of the company and potential investors that based on the preliminary assessment by the Board and the management of the Group according to the information currently available to the company, the Group is expected to record a profit for the year ended 31 December 2016 of not less than approximately RMB 10 million as compared to a loss for the corresponding period in 2015. The profit was mainly attributable to the increase in sales volume during the year due to the increase in the investment in fixed assets of the downstream industry; and the reversal of some allowance of receivables resulting from the collection of related impaired receivables after the continuous effort of the Group to collect the receivables.