The board of directors of Aowei Holding Limited informed the shareholders of the company and potential investors that, based on the company's preliminary assessments of the latest unaudited consolidated management accounts of the Group, it is expected that the Group will record a loss and total comprehensive loss attributable to the equity shareholders of the company of not more than approximately RMB 400 million for the year ended 31 December 2017 as compared with a profit and total comprehensive income attributable to the owners of the company of approximately RMB 85.7 million for the corresponding period in 2016.