First Tractor Company Limited provided earnings guidance for the year ended December 31, 2016. For the year, based on the preliminary calculations by the finance department of the company, it was estimated that the net profit attributable to the shareholders of the company for the year ended 31 December 2016 would increase by 40% to 70% as compared with that for the same period last year. The estimated results were preliminarily calculated based on the company's business situation and have not been audited by certified accountants. The company has actively prevented the fluctuation risk of exchange rate by adopting measures of locking exchange rate, controlling foreign debt scale, etc. According to the preliminary settlement result of income tax of the company for the year of 2016, it was estimated that the income tax expense of the company for the year of 2016 would decrease as compared to that for the year of 2015.