Freetech Road Recycling Technology (Holdings) Limited provided group earnings guidance for the year ending December 31, 2017. The company announced that the group may incur a loss attributable to owners of the company for the year ending 31 December 2017 as compared to a profit attributable to owners of the company of approximately HKD 43.1 million for the year ended December 31, 2016, notwithstanding that the company expects to record an increase in the revenue of the asphalt pavement maintenance services segment for the same period by approximately 30% - 40% due to the increase in the total area serviced. The expected net loss is mainly attributable to a significant decrease in the revenue of the APM equipment segment due to the deleveraging campaign has been pushed forward by the People's Republic of China authorities in year 2017 to slow credit growth and therefore the available funds for capital investment have not yet been made as planned. As a result of the delay in closure of the sales, the number of modular series being sold has significantly declined and the revenue of APM equipment segment has decreased by approximately 65%-75%; and given the deleveraging reason as set out above and the tightened cash flow occurred at the local government level in the PRC, thus hindered the collection of certain long outstanding trade receivables of the Group and as a result, the management of the company has prudently increased the provision for impairment of trade receivables, which is expected to significantly and negatively affect the Group's operating results.