The board of directors of Tenfu (Cayman) Holdings Company Limited informed the potential investors of the company and the shareholders of the company that, based on the information currently available to the company, the profit of the Group for the year ended 31 December 2015 is expected to record a decline by approximately 40% to 48% as compared with that for the corresponding period ended 31 December 2014. The Board believes that the decline is primarily due to the drop in revenue by approximately 10% to 15% as compared with that for the corresponding period ended 31 December 2014, mainly due to the further slowdown in economic growth in China; and the increase of finance costs as a result of the devaluation of Renminbi and the decrease in finance income due to the decrease in interest income derived from fixed deposits with the bank placed by the Group.