Dynagreen Environmental Protection Group Co., Ltd. provided earnings guidance for the financial year ended December 31, 2017. Based on the currently available financial information, it is expected that the Group will record an increase in revenue (in accordance with the Accounting Standards for Business Enterprises of the PRC) of more than 15% for the financial year ended December 31, 2017, as compared to RMB 664,334,974.80 (in accordance with the Accounting Standards for Business Enterprises of the PRC) for the financial year ended December 31, 2016. Nevertheless, it is expected that the Group will record a decrease in net profit attributable to shareholders of the parent company (in accordance with the Accounting Standards for Business Enterprises of the PRC) of approximately 10% for the financial year ended December 31, 2017, as compared to RMB 230,995,690.91 (in accordance with the Accounting Standards for Business Enterprises of the PRC) for the financial year ended December 31, 2016. The expected decline in net profit attributable to shareholders of the parent company is primarily attributable to the following factors: the Changzhou Phase II Project and Wuhan Project were included in the directory of renewable energy subsidies in 2016 so that they received renewable energy subsidies for prior years which were included in the turnover for 2016, while none of the new projects of the Group was included in the directory of renewable energy subsidies in 2017; the Ninghe Straw-fired Power Project and Jurong Project commenced operation in 2017, and both projects recorded loss during the year; and the income tax expenses of the Group for 2017 had increased as compared to that of 2016.