The board of directors of China Goldjoy Group Limited announced that the consolidated profit of the group for the year ended December 31, 2016 is expected to record an increase, as compared with the profit for the same period last year. The increase in profit was primarily attributable to a significant appreciation in the value of the land held by (Shenzhen B&K New Energy Co. Ltd.), an indirect subsidiary of the Company, at the core area of Guangming New District in Shenzhen, the People's Republic of China; an increase in gain from the Group's short-term securities investment; an increase in gain from the Group's long-term investments; an increase in the profits generated by the automation business segment of the Group; the profits generated by the financial services segment of the Group; and an increase in interest income; which was offset by a decrease in the net licensing fee of certain intellectual property rights in relation to FingerQ, a biometric fingerprint privacy protection platform and devices, to BIO-key Hong Kong Limited, and an increase in administration expenses at the head office of the company.