Yuanda China Holdings Limited provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2015. For the year, based on the preliminary review and assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2015 and other information currently available to the Board, it is expected that the Group will incur a net loss in the range between approximately RMB 120 million and approximately RMB 170 million for the year ended December 31, 2015 as compared to a net profit of approximately RMB 51.11 million for the corresponding period of last year. Based on the information currently available to the company, the Board considers that the expected net loss for the year ended December 31, 2015 was mainly attributable to the global macroeconomic downturn and the tightening policy of domestic credit market which in turn have (i) decreased income and gross profit margin by lengthening period of construction projects; and (ii) increased the amount of impairment of receivables under the prudent and cautious principle during the year ended December 31, 2015.