Weiye Holdings Limited provided group earnings guidance for the first quarter ended March 31, 2017. The group is expected to record a decrease in net profit attributable to owners of the company of approximately 86% for first quarter of 2017, as compared to first quarter of 2016. 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 first quarter of 2017 mainly due to an increase over 70% in selling and distribution expenses mainly attributable to more promotional activities for the upcoming projects and more agent commission paid for sales of development properties; and an increase over 10% in administrative expenses mainly attributable to expansion of property development business into Pearl River Delta region and higher travelling and office administrative expenses.