The board of directors of China Investment and Finance Group Limited informed the shareholders of the company and potential investors that, based on the preliminary assessment of the Group's unaudited management accounts for the year ended 31 March 2016 (the year) and information currently available to the Board, the Group is expected to record a significant increase in consolidated net profit for the year as compared to the audited consolidated net profit for the same period in 2015 as set out in the 2014/15 annual report of the company. Such expected increase in the consolidated net profit for the year is mainly attributable to the aggregate effect of the increase in net profit on investment in listed securities from approximately HKD 9.3 million for the year ended 31 March 2015 to approximately HKD 27.1 million for the year, and the decrease in administrative expenses from approximately HKD 24.8 million for the year ended 31 March 2015 to approximately HKD 11.7 million for the year.