Dafeng Port Heshun Technology Company Limited provided earnings guidance for the three months ended 31 March 2017. Based on the information currently available and the preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2017, the Group is expects to record significant increases in revenue and cost of sales, and a decrease in net loss of approximately 50% for the three months ended 31 March 2017, as compared with that of the corresponding period in 2016. The significant increases in revenue and cost of sales were mainly due to the increases in revenue and cost of sales generated from/caused by the trading business of the Group. The decrease in net loss of approximately 50% was mainly due to the increase in gross profit generated from the trading business of the Group and increase in other income due to government grants awarded to Dafeng Harbour Port Logistics Company Limited, being a subsidiary acquired by the Company in July 2016, regarding its operation in Dafeng Port, Jiangsu Province, the PRC, which were partially offset by the increase in finance cost of the Group due to increase in finance charge on obligation under finance leases, other borrowings and interest on consideration payable in respect of the acquisition of Dafeng Logistics.