Midland IC&I Limited provided preliminary unaudited consolidated earnings guidance eleven months ended 30 November 2016 and for the year ending 31 December 2016. The group has recorded a consolidated net profit of approximately HKD 15 million for the eleven months ended 30 November 2016 and the group anticipates that the consolidated net profit for the year ending 31 December 2016 will increase as compared to the consolidated net profit of approximately HKD 2 million for the year ended 31 December 2015. Despite a fall in transaction volume of non-residential units in Hong Kong, the Group has been able to strengthen its market position and achieve better cost efficiency. Stronger market position and improvement in cost efficiency lead to the anticipated improvement in the Group's financial results for the year ending 31 December 2016. The information contained in this announcement is only based on a preliminary review of the unaudited consolidated management accounts of the group and other information currently available to the group.