Zhejiang Chang'an Renheng Technology Co., Ltd. provided group earnings guidance for the full year ended December 31, 2017. After preliminary assessment on the unaudited consolidated management accounts of the Group for the year ended 31 December 2017, the board of directors of the company inform the shareholders of the company and potential investors that the group is expected to record a loss for the year ended 31 December 2017 as compared to the net profit recorded for the year ended 31 December 2016. Based on the information currently available, the expected loss is mainly attributable to the impairment loss of long outstanding trade and other receivables and the increase in manufacturing and operating costs.