The board of directors of Silverman Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016, the Group's consolidated net profit for the year ended 31 December 2016 is expected to record an increase of not less than 300% as compared with that recorded for the year ended 31 December 2015. Based on the information currently available to the Company, the Board believes that such increase for the year ended 31 December 2016 as compared to the year ended 31 December 2015 is mainly attributable to the rapid growth in the Group's television media business. Despite a decrease in profits from the Group's textile segment due to the generally sluggish growth of the textile industry, the successful sales and distribution of the Group's television drama series including Yichang Defense and The Great Eastern Battlefield, in 2016 have generated a considerable amount of profits for the Group.