Weiye Holdings Limited provided earnings guidance for the year ended December 31, 2016. The Group is expected to record a decrease in revenue of approximately 40% and net profit attributable to owners of the Company of approximately 31% for full year of 2016, as compared to the same period of 2015. Barring unforeseen circumstances and to the best knowledge of the Board, the Group is expected to report a lower net profit attributable to owners of the Company for full year 2016 mainly due to the decrease in the Group's revenue in the year under review. The lower revenue was mainly due to a delay of completion of certain property development projects as a result of several area-wide construction stoppage orders issued pursuant to the Chinese governmental environmental control measures mainly in the fourth quarter of 2016. These orders apply generally to all property developers operating within the affected area.