China Unicom (Hong Kong) Limited provided earnings guidance for the year 2017. For the year, the company's service revenue is expected to be approximately RMB 249.0 billion, up by about 4.6% versus 2016. In 2017, the group's profit before income tax is expected to be approximately RMB 2.59 billion, up by about 231% versus 2016. The profit attributable to the equity shareholders of the company is expected to be approximately RMB 1.83 billion, up by about 193% versus 2016. Net loss on asset disposal of approximately RMB 2.9 billion related to optical fibre network upgrade projects has been charged in both the profit before income tax and profit attributable to the equity shareholders of the Company in 2017. The net loss on asset disposal has no impact on the Group's cash flows. If the net loss on asset disposal related to optical fibre network upgrade projects in 2017 was excluded, the Group's profit before income tax would be expected to be approximately RMB 5.49 billion in 2017, up significantly by about 601% versus 2016 while the profit attributable to the equity shareholders of the company would be expected to be approximately RMB 4.0 billion, up significantly by about 541% versus 2016 mainly benefitting from robust service revenue growth and lower selling and marketing expenses and handset subsidies.