Based on preliminary assessment of the management accounts of the group, the board of directors of Pak Fah Yeow International Limited announced that the group is expected to record a significant decline in the consolidated net profit attributable to the owners of the company for the six months ended June 30, 2016 as compared to the same corresponding period in 2015. The Board considers that the expected decline was mainly attributable to unrealized fair value losses on the group's investment properties in Hong Kong and the United Kingdom due to assessment of property valuation, whilst the business in Healthcare in the first half of 2016 has been challenging.