Cosmo Lady (China) Holdings Company Limited provided unaudited consolidated earnings outlook for the year ended December 31, 2016. For the period, the company estimates that the net profit would decrease by approximately 50% to 60% as compared to that of the year ended 31 December 2015, mainly due to (1) the more cautious consuming sentiment amid the slowdown in mainland China's economic development; (2) the increase in overall operating expenses as a percentage of revenue; and (3) the commencement of the structural adjustments in the mainland China intimate wear industry, including but not limited to further diversification of sales and distribution channels and the changes in mix of products sold during the Year affecting the Group's operation performance.