Dongyue Group Limited provided consolidated earnings guidance for the year ended December 31, 2016. For the year, the company expected loss in the range between RMB 650 million and RMB 700 million of net loss and total comprehensive expense for the reporting period, as compared with a profit of approximately RMB 497 million for the year ended 31 December 2014. Such net loss was mainly due to inter alia, a one-of amount of RMB 1,478.2 million, equivalent to the entire amount of the RMB 1,478.2 million misappropriated funds of the group as referred to in the announcement of the Company dated 30 September 2016, being fully written of as a conservative measure, and thus resulting in an aggregate loss before tax of RMB 1,478.2 million being recognised in the consolidated financial statements of the group for the reporting period.