The Board of Multifield International Holdings Limited informed the shareholders of the company and potential investors that based on a preliminary review of the unaudited management accounts of the group and other information currently available, the group expects to record a consolidated profit before tax for the year ended 31 December 2016 significantly lower than that as compared to the audited consolidated profit before tax recorded for the year ended 31 December 2015. This was primarily attributable to: a foreign exchange loss on the depreciation of Renminbi for the year ended 31 December 2016, which was approximately HKD 250 million; a decrease of approximately 10% in rental income and occupancy rate in the group's hotel-serviced villas and apartments in China; and a possible decrease in net fair value gains on the Group's investment properties for the year ended 31 December 2016 as compared to that for year ended 31 December 2015.