The board of directors of Jiande International Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary assessment by the management of the company on the unaudited consolidated management accounts of the company for the year ended 31 December 2016 and the information currently available, the Group is expected to record an increase in loss attributable to owners of the company for the year ended 31 December 2016 as compared to the loss of approximately HKD 163,935,000 for the year ended 31 December 2015. Such expected increase in loss was mainly attributable to the one-off deemed listing expenses arising from the reverse takeover involving new listing of shares of the company pursuant to Rule 14.06(6) of the Listing Rules.