Brilliant Circle Holdings International Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company informed the shareholders and potential investors of the company that the profit attributable to the core business of the Group for the year ended 31 December 2016 is expected to decrease by not more than 26% as compared with 2015. The decrease in profit for the year ended 31 December 2016 is primarily attributable to: (i) the slow-down of China economy which inevitably hit the business volume of cigarette industry; (ii) the changes in tobacco package design relating to the health warning labels; and (iii) the price pressure under the mandatory tendering system, all which have adversely affected the business and results of the Group, particularly an associate of the company.