The board of directors of Neway Group Holdings Limited informed the shareholders of the company and potential investors that based on the preliminary review and analysis of the unaudited consolidated management accounts of the Group currently available, the Group is expected to turnaround to a profit in the range of approximately HKD 60 million to approximately HKD 75 million for the year ended 31 December 2016, as compared to a loss of approximately HKD 67.5 million for the year ended 31 December 2015. The improvement in the Group's financial performance for fiscal year 2016 was primarily due to: the turnaround from loss to profit of the manufacturing and sales of printing products business for fiscal year 2016: the manufacturing and sales of printing products business is expected to record a profit for fiscal year 2016 as compared to a loss of approximately HKD 36.6 million for fiscal year 2015, such improvement was mainly attributable to (a) an increase of approximately 6% in the revenue generated from the business; and (b) the reduction in staff and material costs following the streamlining of the production process and increased productivity and production efficiency of the factories of the Group; an investment return of approximately HKD 2.6 million generated from the Group's investments in two movies in the People's Republic of China for fiscal year 2016; a net fair value gain from held-for-trading investments of approximately HKD 80.0 million recorded for fiscal year 2016; and the absence of an impairment loss on the non-current assets of the Group for fiscal year 2016.