The board of directors of the Skyfame Realty (Holdings) Limited expected to record a profit attributable to owners of the company for the six months ending 30 June 2016, as opposed to a loss attributable to owners of the company of approximately RMB 70.3 million for the corresponding period in the previous year. The turnaround to profit is primarily attributable to the profit recognized upon the completion and delivery to the buyer of Tianhe Project with a total GFA of 112,000 sq. m. in Guangzhou, China in April 2016.