The board of directors of Styland Holdings Limited announced that, based on the information currently available to the Board and preliminary results of the unaudited consolidated management accounts of the Group for the year ended 31 March 2016, the profit attributable to the owners of the company for the year ended 31 March 2016 is expected to decline by 99% as compared with that for the year ended 31 March 2015. The reason for the decline was mainly attributable to the unrealized loss resulting from decrease in fair value of financial assets through profit and loss. As the unrealized loss is noncash in nature, the Board believes that there is no material impact on the cash flow position of the Group.