The board of directors of United Pacific Industries Limited informed the shareholders of the company and potential investors that based on the preliminary assessment by the Board and the management of the Group according to the information currently available to the company, the Group is expected to record a profit for the year ended 31 December 2016 as compared to a loss for the corresponding period in 2015. The Board considers that the aforesaid turnaround from loss to profit was principally attributable to the increase in the gross profit margin of the Group for the year ended 31 December 2016.