Sinofert Holdings Limited provided earnings guidance for the year ended 31 December 2017. The board of directors Sinofert Holdings Limited announced that based on a preliminary review of the unaudited consolidated management accounts of the Group, it is expected that there will be a significant decrease in the operating loss of the Group for the year ended 31 December 2017 as compared with that for the year ended 31 December 2016. The improvement of the Group's operating results is mainly attributable to (i) the internal restructuring and compensation incentive reform undertaken by the Group, which enhanced the efficiency and initiatives of its business departments and personnel; (ii) the Group's efforts in strengthening centralized strategic procurement and business coordination between operation units, as well as in strictly controlling the costs and expenses of its subsidiaries; and (iii) the increase in gross profit margin of the Group's products due to a recovery of the domestic fertilizer market. However, since the Company will recognize the share of profit or loss of its associate, Qinghai Salt Lake Industry Co. Ltd. ("Qinghai Salt Lake"), in 2017, the loss resulting from the disposal of 20.52% equity interest in Qinghai Salt Lake, and the impairment provisions on certain fixed assets of the production subsidiaries of the Company in accordance with the applicable accounting principles, it is expected that the Group will continue to record a notable operating loss for the year ended 31 December 2017.