China Minsheng Drawin Technology Group Limited provided consolidated earnings guidance for the six months ended June 30, 2017. The board of directors of the company informed the shareholders and potential investors of the company that, based on preliminary assessment and review of the latest unaudited consolidated management accounts of the group for the six months ended 30 June 2017, the Group is expected to record a break-even position in terms of profit and loss attributable to owners of the company for the Period, as compared to a net loss of approximately HKD 95 million for the corresponding period of last year. The Board considers that the aforesaid turnaround from a loss position is primarily attributable to the reversal of impairment losses amounting to HKD 30 million in respect of trade and other receivables as recognized in the consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 2016, which relates to two significant receivable balances of approximately HKD 28 million and HKD 18 million, respectively.