Lung Kee (Bermuda) Holdings Limited provided unaudited earnings guidance for the year ended December 31, 2016. The company announced that the amount of the consolidated net profit attributable to the owners of the company for the year is expected to record a substantial increase of 50% or more, as compared with the net profit for the year ended 31 December 2015. The substantial increase in the amount of the 2016 net profit is attributable to the following principal factors: the increase in the gross profit margin of products because of the improvement in the cost and production efficiency of the business of the Group; the performance of Hangzhou Lung Kee Metal Products Co. Ltd., a subsidiary of the Company incorporated in the People's Republic of China, have been improved compared with the same period in the previous year; and the reclassification adjustment of translation reserve upon deregistration of a PRC subsidiary.