Starlite Holdings Limited provided earnings guidance for the six months ended September 30, 2016. The board of directors of the company informed the shareholders of the company and potential investors that the group is expected to record a significant decline in profit for the six months ended 30 September 2016 as compared to the previous corresponding financial year. Such expected decline in profits is mainly attributable to the following factors: withholding of orders by customers as consumer sentiment in major markets weakened, which restrained the Group from maintaining its sales; management reshuffle affected the sales and operational efficiency of the Group's eastern China operation, which resulted in a loss incurred by the eastern China operation; and additional impairment provision for the Group's eastern China operation to reflect the loss of the eastern China operation. The Board considers that the overall financial position and operations of the Group remain solid despite the unsatisfactory results for the six months ended 30 September 2016 that are expected to be recorded.