Hong Kong Food Investment Holdings Limited provided consolidated earnings guidance for the six months ended September 30, 2018. For the period, the company expects to record an increase in its unaudited consolidated profit attributable to equity holders of the Company for the six months ended 30 September 2018 by approximately 125% to 135% as compared with the corresponding period last year. Such increase was primarily attributable to the completion of the disposal of the entire equity interest in Hung King Development Limited (the "Disposal"), a wholly-owned subsidiary of the Group and the beneficial owner of the parcel of land and property located at Sai Kung, Hong Kong, which resulted in a before tax gain on Disposal of approximately HKD 200 million, net of directly attributable transaction costs. Details of the Disposal were disclosed in the annual report of the Company for the year ended 31 March 2018 and other previous announcements and circular of the Company. The Group does not expect a substantial share of profits from Four Seas Mercantile Holdings Limited (FSMHL), a 29.98% owned associate of the Group, as the same period last year, as there have been no one-off gain from the disposal of a property by FSMHL during the Period.