Huarong International Financial Holdings Limited provided consolidated earnings guidance for the eight months ended December 31, 2015. The company expected profit attributable to owners of the company for the eight months ended 31 December 2015 would be approximately HKD 120 million as compared to the loss attributable to owners of the company for the twelve months ended 30 April 2015. The increase in the profit attributable to owners of the Company was mainly due to (i) the substantial gain from disposal of available-for-sale investments; (ii) underwriting fee arising from placement of convertible notes and new shares of companies listed on the Stock Exchange; and (iii) fair value gain of direct investments during the Period.