The board of directors of Orient Victory China Holdings Limited announced that, based on the information currently available in the unaudited consolidated management accounts of the Group for the six months ended June 30, 2016, the Group is expected to record a net loss for such period as compared to a net profit in the corresponding period of last year. The change from a net profit to a net loss is primarily attributable to a gain of approximately HKD 17.62 million for the disposal of the available-for-sale financial assets was recorded during the corresponding period of last year and no such transaction was recorded during the period; and a finance charge in connection with the loan from a related party was recorded during the Period and no such transaction was recorded during the corresponding period of last year.