The board of directors of Mobile Internet (China) Holdings Limited announced that, based on the preliminary review of the information which includes, but without limitation to, the unaudited consolidated management accounts of the Group for the six months ended 30 June 2017 (first half 2017) which have not been confirmed, reviewed or audited by the auditors of the company and other information currently available to the Group, the Group is expected to record an increase of not less than 50% in its consolidated net profit attributable to owners of the company for the first half 2017 as compared to that for the six months ended 30 June 2016 (first half 2016) (the unaudited consolidated net profit attributable to owners of the company for the first half 2016 amounted to approximately RMB 34.3 million). The expected increase in the consolidated net profit is mainly attributable to (i) contribution from the Group's mobile gaming business which was acquired on 28 April 2016; (ii) the increase in overall gross profit due to increase in percentage of revenue contributed from the Group's mobile gaming business which commands a higher gross profit margin; and the absence of loss on early redemption of promissory notes and the equity-settled share option expenses during the six months ended 30 June 2017, whereas there were such one-off expenses incurred during the six months ended 30 June 2016.