The board of the Huazhang Technology Holding Limited informed shareholders and potential investors of the Company that based on the Company's preliminary assessment of the unaudited consolidated management accounts of the Group and information currently available to the Board, the Group is expected to report a significant decline in profit as compared to the unaudited consolidated net profit of HKD 22.2 million attributable to owners of the Company for the six months ended 31 December 2014. The anticipated decline in profit for the six months ending 31 December 2015 is mainly attributable to (i) the slowdown of Chinese economy, which has affected the project progress or delay in the completion, as a result, revenue decreased significantly (ii) the Group completed two one-stop service contracts and recognized revenue of approximately HKD 100.0 million for the six months ended 31 December 2014 as the revenue contributed from the one-stop service contracts was approximately HKD 3.7 million for the five months ended 30 November 2015.