The board of directors of China Huirong Financial Holdings Limited announced that the company expects to record a significant decrease in revenue by approximately 38% for the six months ended 30 June 2016 as compared to the revenue for the six months ended 30 June 2015; and the Board expects to record a substantial decrease in profit attributable to equity holders by approximately 94% for the six months ended 30 June 2016 as compared to the profit attributable to equity holders for the six months ended 30 June 2015. The decrease in revenue and profit attributable to equity holders, respectively, for the six months ended 30 June 2016 as compared to those for the six months ended 30 June 2015 was primarily attributed to the decrease in the amount of interest income generated from loans granted to customers as a result of a lower overall interest rates; and a significant increase in net charge of impairment allowance on loans to customers by approximately 55% for the six months ended 30 June 2016 as compared to the net charge of impairment allowance on loans to customers for the six months ended 30 June 2015.