The board of directors of Neway Group Holdings Limited informed the shareholders of the company and potential investors that based on the preliminary review and analysis of the unaudited consolidated management accounts of the Group currently available, the Group is expected to turnaround to a profit in the range of approximately HKD 30 million to approximately HKD 45 million for the six months ended 30 June 2016, as compared to a loss of approximately HKD 32.9 million for the six months ended 30 June 2015.