The board of the directors China Ever Grand Financial Leasing Group Co., Ltd. announced that, based on the preliminary unaudited consolidated management accounts of the Company for the year ended 31 December 2016 and the information currently available to the Board, the Group is expected to record a significant increase in net profit attributable to the owners of the Company for the year ended 31 December 2016 as compared to the net profit attributable to the owners of the Company of approximately HKD 3.4 million for the year ended 31 December 2015. Such increase is mainly due to the profit contribution from consolidation of financial leasing business newly acquired in early 2016; an one-off gain on disposal of subsidiaries; and an overall gain of on a fair value gain upon conversion of all convertible bonds into shares and a loss on disposal of half of those shares.