Silver Grant International Industries Limited provided earnings guidance for the six months ended June 30, 2016. The board of directors of the company to informed shareholders of the company and potential investors that the Group's unaudited consolidated profit attributable to owners of the company for the six months ended 30 June 2016 is expected to have a decline of approximately 25% as compared to that of the corresponding period in 2015. The decrease in profit is mainly due to increase in operating loss incurred by Tai Zhou United East Petrochemical Company Limited due to the accumulation of operating expenses in the absent of revenue generated from production during the period. During the current period, TZ United East was still in a non- producing condition. In additions, net loss of TZ United East increased from approximately HKD 62.8 million in the corresponding period in 2015 to approximately HKD 89.4 million in the current period.