The board of directors of China Demeter Investments Limited reported that the company is expected to record a considerable reduction in profit for the three months ended March 31, 2016 as compared to the profit for the three months ended March 31, 2015 of approximately HKD 14.3 million. Based on the Board's preliminary assessment of the unaudited consolidated management accounts of the company and the information currently available to the Group, the expected reduction in profit for first quarter of 2016 was mainly attributable to income recorded from the money lending business of the Group for the first quarter of 2016 of approximately HKD 1.7 million decreasing from an income of approximately HKD 4.2 million for first quarter of 2015; gain in fair value of financial assets through profit or loss for first quarter of 2016 of approximately HKD 3.9 million decreasing from a gain in fair value of financial assets through profit or loss of approximately HKD 11.9 million in first quarter of 2015; discontinued operation of the processing and sales of food product business segment of the Group due to completion of the disposal of the Group's equity interest in Zhao Hui Holdings Limited in December 2015, details of which are set out in the annual report of the Company for the year ended December 31, 2015.