China Fordoo Holdings Limited provided unaudited consolidated earnings guidance for the year ending December 31, 2016. The company expected that the Group's profit for the year ended 31 December 2016 will record a decline of not less than 50% as compared to the year ended 31 December 2015, primarily due to: the group's consolidation strategy on its retail outlet network as disclosed in the company's 2015 annual report; the termination of distribution relationships with and delivery of orders to some of the group's distributors who had slow repayment history in the first half of the year; and a significant decrease in sales in the second half of the year after the termination of distribution relationships with those certain distributors in the first half of the year.