Chuan Holdings Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that, based on the preliminary and assessment of the information, the Group is expected to record a significant decrease in gross profit and net profit for the year ended December 31, 2016 as compared to the year ended December 31, 2015. The decrease in the year ended December 31, 2016 mainly arose from the decrease in segment results of general construction work and the downturn of Singapore economy.