Maoye International Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2017. The group expects to record approximately RMB 1,100 million to RMB 1,300 million in the consolidated net profit for the year ended 31 December 2017, representing a significant increase in the consolidated net profit of approximately RMB 988 million to RMB 1,188 million as compared to the financial year ended 2016. Such result is mainly attributable to the increase in revenue and profit from the significant growth of the Southern China region and Inner Mongolia Victoria and the full consolidation of Renhe Chuntian Stores and Inner Mongolia's net profits in 2017 into the annual result of the group; the net gain on investment arising from the Chongqing Pharmaceutical Restructuring; and the group recognized a one-off net investment gains of approximately RMB 460 million (after deducting taxes and transaction costs) from the disposal of part of the equity interests of Maoye Communication and Network Co. Ltd. in the first half of 2017.