China Zhengtong Auto Services Holdings Limited provided consolidated earnings guidance for the full year ended 31 December 2017. The board of directors of the company announced that, based on the preliminary assessment on the unaudited consolidated management accounts of the group for the year ended 31 December 2017, which have not been audited or reviewed by the auditor of the company, the group is expected to record a significant increase of more than 100% in the profit attributable to owners of the parent for the year ended 31 December 2017 over the same period of 2016. Based on the information currently available to the group, the expected substantial increase in the profit attributable to owners of the parent as mentioned above is mainly due to: rapid growth of auto finance business; the ideal brand portfolio and dealer network expansion; increase in new car sales and continuous improvement in after-sales services business.