Shougang Concord International Enterprises Company Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2017. The board of directors of Shougang Concord International Enterprises Company Limited announced that based on the preliminary assessment of the Board with reference to the unaudited consolidated management accounts of the Group for the year ended December 31, 2017 and other information currently available to the Board, the Group would record consolidated profit attributable to the Shareholders for the Year 2017 in the range of between HKD 50 million and HKD 60 million as opposed to the consolidated loss attributable to the Shareholders of HKD 1,621 million for the year ended 31 December 2016. This turnaround from loss to profit is mainly attributable to (i) the completion of the disposal of Qinhuangdao business by the Group in late 2016.