Jia Yao Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2016. For the six months, the Group expects to record a substantial decrease in net profit after tax which will be ranged from net loss after tax of approximately RMB 1.0 million to net profit after tax of approximately RMB 2.0 million as compared to the net profit after tax of approximately RMB 4.9 million for the six months ended 30 June 2015. The decrease in net profit after tax is mainly due to, during the six months ended 30 June 2015, the Group recorded an one-off government grant for successful listing on the Main Board of the Stock Exchange of Hong Kong Limited in year 2014 and there were no such income recorded during the six months ended 30 June 2016; and during the six months ended 30 June 2015, the Group recorded a gain on disposal of land in China and there were no such income recorded during the six months ended 30 June 2016.