China Harmony New Energy Auto Holding Limited provided consolidated earnings guidance for the six months ended June 30, 2017. The Board informed the shareholders of the company and potential investors that based on a preliminary assessment of the currently available financial information and the unaudited consolidated management accounts of the Group, it is expected that the Group will record a substantial increase in its unaudited consolidated profit for the six months ended 30 June 2017, and the expected profit attributable to owners of the parent for the Reporting Period will be higher than RMB 520 million, and will represent an increase of more than 70% as compared to that for the six months ended 30 June 2016, primarily attributable to: (i) the continuing growth of the revenue generated from the Group's dealership businesses; (ii) a decrease recorded in the Group's expenses; (iii) an investment gain due to an increase of valuation of its equity interests arising from the Group's spin-off of independent aftersales business in the first half of 2017; and (iv) valuation of the equity interests owned by the Group in smart electric cars company FMC Cayman recorded a significant increase, which resulted in an investment gain to the Group.