Asiaray Media Group Limited informed the shareholders of the company and potential investors that based on the preliminary assessment of the currently available unaudited consolidated management accounts of the Group for the year ended December 31, 2016 (unaudited management accounts'): (i) the Board expects the Group to record an increase in revenue by approximately 4% for the year ended 31 December 2016 as compared to the revenue for the year ended 31 December 2015; and (ii) the Board expects the Group to record a net profit after tax of approximately HKD 35 million to HKD 45 million for the year ended 31 December 2016 as compared to a net loss after tax for the year ended 31 December 2015. The change in the Group's revenue and net profit after tax, respectively, for the year ended 31 December 2016 as compared to the Group's revenue and net loss after tax for the year ended 31 December 2015 was primarily attributed to: (i) a growth in revenue generated from the Group's media advertising business in the airport segment and metro line segment; and (ii) a partial write-back of the compensation provision made in 2015 for the early termination of the 10-year concession rights contract for the operation of media resources at Ningbo Metro Line No. 1.