China Singyes Solar Technologies Holdings Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2017. The board of directors informed the shareholders of the company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group which has not yet been reviewed or confirmed by the auditor of the Group, it is expected that the Group's final results for the year ended 31 December 2017 would record a decrease in the consolidated profit attributable to the owners of the company for over 70% as compared to that for the year ended 31 December 2016. Based on preliminary assessment, such considerable decrease in the Group's consolidated profit was primarily attributable to the following factors: Decrease in the disposal gain on solar farms during the year of 2017 because of a relatively reduction of the sales of solar farms during the year of 2017; additional interest expenses were incurred because of the issuance of USD 260 million and USD 160 million senior notes in February 2017 and October 2017, respectively; fair value loss and settlement loss on derivative financial instruments were incurred. The Group had entered into several cross-currency swap contracts with banks to hedge against the exchange risk between RMB and USD, the fair value loss and settlement loss was because of the appreciation of RMB against USD; decrease in fair value gain on convertible bonds, and accounting loss raising on the repurchase and redemption on convertible bonds.