Kwoon Chung Bus Holdings Limited provided earnings guidance for the six months ended September 30, 2015. The board of directors of the company announced that, based on the board's preliminary review of the unaudited consolidated management accounts of the group for the six months ended 30 September 2015 which have not been audited by the auditors of the company nor reviewed by the audit committee of the board, the group is expected to record a considerable increase in profit for the current period as compared to that of the six months ended 30 September 2014. The board believes that such expected increase is mainly due to the improvement in results of the non- franchised bus segment; and the joint venture of urban bus business in Guangzhou of the Mainland China bus segment in the Current Period.

The improvement in results of the non-franchised bus segment is mainly due to the relative decline in fuel costs; whereas the improvement in results of the urban bus business in Guangzhou is mainly due to increase in government subsidies received by the group during the six months ended 30 September 2015.