Kasen International Holdings Limited provided earnings guidance for the year ended 31 December 2017. Based on the preliminary review of the unaudited management accounts of the group for the year ended 31 December 2017, the board of directors of the Company announced that the consolidated net loss attributable to owners of the company for the year ended 31 December 2017 is expected to record a substantial increase of around RMB 175 million as compared with the corresponding period in 2016. Based on the information currently available to the Board, such increase in loss was principally attributable to the sharp increase in the relevant selling costs resulted from the large increase in the number of pre-sale properties for the property development segment of the Group during the year ended 31 December 2017, which are expected to be delivered in 2018 and 2019.