Xingda International Holdings Limited provided earnings guidance for the six months ended 30 June 2016. For the period, the group is expected to record a decline in the net profit attributable to the owners of the company for more than 40% as compared with the net profit attributable to the owners of the company for the corresponding financial period ended 30 June 2015. The expected decline in the net profit attributable to the owners of the company for the six months ended 30 June 2016 was primarily attributable to the one-off net gain on disposal of available-for-sale investment of approximately RMB 111.9 million recorded in the six months ended 30 June 2015 and no such transaction was recorded for the six months ended 30 June 2016. Despite the decline in net profit attributable to the owners of the company for the six months ended 30 June 2016, the Board considers that the group's overall financial position remains solid and the Board remains positive on the long term prospect of the group.