Ping An Securities Group (Holdings) Limited provided earnings guidance for the year ended 31 December 2016. Based on the preliminary review of the unaudited consolidated management accounts of the group for the year ended 31 December 2016, the board of directors of the company announced that the loss of the group for Year 2016 is expected to reduce by more than 80% as compared to the loss for the corresponding period in 2015. Based on the information currently available, the Board considers that the reduction in loss was mainly attributable to a sharp decrease in loss arising from changes in fair value of investment properties; a significant increase in the net gain on fair value changes of derivative instruments as compared to Year 2015; and the net gain on disposal of subsidiaries during 2016.