The board of directors of Bisu Technology Group International Limited announced that, based on the information currently available to the Board, the Group is expected to record a decline in net profit for the year ended 31 December 2017 as compared to the net profit for the nine months ended 31 December 2016. The main reason of the expected decline in net profit was due to that the Group's automotive engine business recorded a result of a decrease in revenue of approximately 16% for the year ended 31 December 2017 as compared to the revenue for the nine months ended 31 December 2016. Affected by the change in the preferential taxation policy on purchase for cars with displacement of 1.6L or lower, which raised the tax rate from 5% to 7.5%, certain car sales that might have concluded in the first half of 2017 had been brought forward in 2016, leading to a slowdown in the overall sales volume in the first half of 2017.