Pan Asia Environmental Protection Group Limited provided group earnings guidance for the six months ended June 30, 2016. The Group might record a substantial decrease in unaudited consolidated net profit for the six months ended June 30, 2016 as compared to the unaudited consolidated net profit for the corresponding period for the six months ended June 30, 2015. The Board considers that the decrease in the consolidated net profit for the six months ended June 30, 2016 was mainly due to there were decreases in the revenues generated from the sales of environmental protection products and equipment and the wood wool cement board business; and there was a decrease in the gross profit margin of the Group for the six months ended June 30, 2016 due to increase in costs.