Paliburg Holdings Limited provided earnings guidance for the year ended December 31, 2016. Based on the preliminary review by management of the Company on the unaudited consolidated management accounts of the Group for the year ended 31 December, 2016, it is expected that the profit of the Group for the year ended 31 December, 2016 will be substantially higher than the profit attained for the preceding year. The increased profit expected to be achieved by the Group for the year under review is primarily attributable to the profit on disposal by P&R Holdings Limited, a subsidiary of the Company, of a 50% equity interest in the companies holding a hotel located in To Kwa Wan, Kowloon during the year under review.