Qinqin Foodstuffs Group (Cayman) Company Limited provided consolidated earnings guidance for the six months ended June 30, 2016. For the period, the Board expects: (i) a decline in the revenue and gross profit of the group by approximately 10% and 7% respectively as compared to that for the corresponding period in 2015, mainly as the group did not engage in any sales and marketing campaign of a scale similar to an enhanced sales and marketing campaign it conducted in the first half of 2015 which had a short term positive effect on the revenue and gross profit for that period, as mentioned in the Listing Document; and (ii) the profit attributable to shareholders of the company would be approximately RMB 19 million, representing a decrease of approximately RMB 16 million as compared to that for the corresponding period in 2015, which is mainly attributable to the recognition of one-off listing expenses of approximately RMB 21 million in the consolidated income statement of the group for the six months ended June 30, 2016 in connection with the listing of the shares of the company on the Main Board of The Stock Exchange of Hong Kong Limited on July 8, 2016.