Kasen International Holdings Ltd. provided earnings guidance for the twelve months ended 31 December 2015. For the year, it is expected that the group will experience a significant increase in its consolidated net profit attributable to owners of the company as compared with the corresponding period for the twelve months ended 31 December 2014. Based on information currently available to the company, the Board believes that such increase was primarily attributable to an one-off gain on disposal of available-for-sale investments of the group during the twelve months ended 31 December 2015 in the amount of approximately RMB 290.4 million (for the twelve months ended 31 December 2014: RMB 187.7 million), representing an increase of approximately 54.7%.

The group's available-for-sale investments represents its equity securities investment in Haining China Leather Market Co. Ltd.