The board of directors of Anxian Yuan China Holdings Limited announced that based on the information currently available to the Company and the preliminary assessment by the Company's management with reference to the latest unaudited consolidated management accounts of the Group for the year ended 31 March 2016, the Group is expected to record a significant decrease in net profit as compared with a net profit of approximately HKD 38,136,000 for the year ended 31 March 2015. Such substantial decline is mainly due to the Group had a reversal of over-accrued business tax of approximately HKD 32,770,000 for the year ended 31 March 2015 whereas it had not recurred for the year ended 31 March 2016.