Yida China Holdings Limited provided earnings guidance for the year ended December 31, 2016. Based on the information currently available to the Board and the preliminary review of the latest unaudited consolidated management accounts of the Group, the profit attributable to the equity holders of the Company for the year ended 31 December 2016 is expected to decrease by approximately 30% as compared with the year ended 31 December 2015. Based on information currently available to the Company, the Board considers that this decrease was primarily attributable to a decrease in gross profit margin for properties sold by the Group during the year as a result of a decrease in average selling price, a fair value losses on certain derivative financial instruments, and partially offset by the gain on bargain purchase arising from the acquisition of certain subsidiaries during the year.