The board of directors of TSC Group Holdings Limited announced that based on the unaudited consolidated management accounts of the Company and its subsidiaries for six months ended 30 June 2016 and the information currently available to the Company, it is expected that the profit attributable to the shareholders of the Company for six months ended 30 June 2016 will decrease significantly as compared to the corresponding period in 2015. The decrease is primarily due to the lack of significant improvement in the global oil and gas market and the oil and gas industry is currently under-going a period of deep adjustments.