Fufeng Group Limited provided earnings guidance for the six months ended June 30, 2017. The Group is expected to record a significant increase of around 80% in its consolidated profit attributable to the Shareholders (the "Net Profit") of the Company for the six months ended 30 June 2017 as compared to that for the six months ended 30 June 2016. Net Profit for the six months ended 30 June 2017 was mainly attributable to the following principal factors: Decrease in the prices of major raw material, corn kernel, during the six months ended 30 June 2017 as compared with the corresponding period of 2016, which led to increase in the gross profit margin of threonine, high-end amino acid, starch sweeteners and xanthan gum; Increase in the sales volume of products such as MSG, threonine and high-end amino acid; The Group also managed to undertake technological upgrade for its production processes which contributed to improvement in production efficiency and cost structure; and Finance costs significantly reduced due to the full conversion of the convertible bonds due 2018, into ordinary shares of the Company by the bondholders during the six months ended 30 June 2017.