Huscoke Resources Holdings Limited provided earnings and production guidance for the financial year ended December 31, 2016. The board of directors of the company informed the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited management accounts of the Group for the financial year ended December 31, 2016, the financial results of the Group for fiscal year 2016 are expected to record a consolidated profit after tax as compared to a consolidated loss after tax of the Company of approximately HKD 130.74 million for the financial year ended December 31, 2015. The Board considers that the expected profit for fiscal year 2016 is primarily attributable to the increase in the price of coke from around RMB 700/tonne in April 2016 to around RMB 2,000/tonne in December 2016 that leads to an increase in gross profit from the second to the fourth quarter of Fiscal Year 2016.