Coolpad Group Limited provided earnings guidance for the six months ended 30 June 2016. For the period, the company loss attributable to the owners of the company will be approximately HKD 2,050 million as compared to a profit attributable to the owners of the company of approximately HKD 2,843 million and HKD 2,325 million for the six months ended 30 June 2015 and the year ended 31 December 2015, respectively. Based on the analysis of the information available, such estimated loss is primarily attributable to: a decrease in sales by approximately 40% and 10% as compared to that of the corresponding period in 2015 and the six months ended 31 December 2015, respectively. The decrease in sales was mainly due to the downturn and fierce competition in the domestic smartphone market, whilst the Group's business restructuring and development of open retail channel are yet to achieve any remarkable effect on improving the sales performance of the Group; an expected loss of approximately HKD 1,890 million from the transactions under the share adjustment framework agreement entered into between the Company, Tech Time Development Limited and Coolpad E-commerce Inc.; and an expected loss of approximately HKD 170 million for the six months ended 30 June 2016 recorded by the Company due to the loss of Coolpad E-commerce attributable to company.