Golden Power Group Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2016. For the year, the company announced that, based on an initial assessment of the group's unaudited consolidated management accounts, it is expected that the consolidated profit attributable to equity holders of the company for the year ended 31 December 2016 may record an increase of more than 100% as compared to the consolidated profit attributable to equity holders of the company for the year ended 31 December 2015 of approximately HKD 3.40 million after the deduction of the one-off listing expenses of approximately HKD 11.14 million. Subject to finalization of the consolidated financial results of the Group for the year ended 31 December 2016, the board considers that the significant increase in the Group's consolidated profit attributable to equity holders of the Company for the year ended 31 December 2016 was mainly due to the absence of the one-off listing expenses recognized for the year ended 31 December 2016 (2015: approximately HKD 11.14 million); the reduction of production overheads, major raw material costs and finance costs and the savings on staff costs.