China U-Ton Holdings Limited announced that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016, the Group is expected to record a substantial net loss attributable to the shareholders of the company for the year ended 31 December 2016 as compared to the profit for the year ended 31 December 2015. The turnaround from net profit to loss was mainly attributable to the following factors: Optical fiber deployment business; Low-voltage equipment integration business; Increase in provision for trade receivables from non-operator projects; An increase in financing scale and costs leading to an increase in finance costs; Increase in marketing expense due to development of new markets; and Devaluation of renminbi leading to an increase in Hong Kong dollar debt exchange losses.