Loudong General Nice Resources (China) Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2016. The board of directors of the company announced that, based on the preliminary review of the consolidated management accounts of the Group, it is expected that the annual results of the Group may record significant reduction in loss for the year ended December 31, 2016 when compared with the year ended December 31, 2015 The loss is primarily attributable to the finance cost from the borrowings, the downturn of the commodities market leading to the decrease in revenue, amidst a slowing global economy and a tepid domestic market in China. The Group expects that the significant reduction in loss compared with the year ended December 31, 2015 is mainly due to the significant reduction in overall impairment in this year.