Comtec Solar Systems Group Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that, according to the assessment of he company's management based on the information currently available, it is expected that he Group will record a substantial net loss for the year ended 31 December 2016, although he magnitude of such loss is yet to be quantified. Based on the information currently available, the anticipated net loss would be primarily attributable to the following factors: a potential write-down of the assets related to the manufacturing facilities of the Group in Malaysia, which are proposed to be disposed of to an independent third party at a discount to their net book value as disclosed in the announcement of the Company dated 3 January 2017; a potential write-down of the assets related to the manufacturing facilities of the Group in the People's Republic of China; and a potential write-down of the Group's inventory.