The board of directors of China Star Entertainment Limited informed the shareholders of the company and potential investors that the Group is expected to record a substantial profit for the six months ended 30 June 2018 as compared to a loss of HKD 127,142,000 for the last corresponding period. Based on a preliminary review on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2018 and information currently available to the Board, the expected profit is mainly attributable to the gain on disposal on the entire equity interest in Charming Era Investment Limited, Exceptional Gain Profits Limited and Most Famous Enterprises Limited and their respective subsidiaries of approximately HKD 1,465 million which represented the hotel and gaming service operations of the Group.