Paliburg Holdings Ltd. provided consolidated earnings guidance for the year ended December 31, 2015. For the period, the company is expected that the profit of the group for the financial year ended December 31, 2015 will be substantially lower than that reported for the preceding year. The lower profit expected to be achieved by the Group for the year under review is primarily attributable to the fact that in the comparative profit attained in the preceding year, there were a number of non-recurring one-off gains including, in particular, the recovery of loans receivable and related interest income in a sum of HKD 243.2 million by the Group, as disclosed in the annual report of the Company for the year ended 31st December, 2014.

Moreover, due to the decrease in the number of visitor arrivals to Hong Kong in 2015, which was the first time that Hong Kong has witnessed a negative growth in total visitor arrivals year-on-year since 2004, the performance of the hotel industry in Hong Kong as a whole has been adversely affected. Hence, the operating results of the hotels of the Group in Hong Kong, being one of its core business operations, for the year have also been impacted, as compared to the levels achieved in 2014.