Yugang International Limited provided earnings guidance for the year ended December 31, 2016. For the year, the company expecting to record a substantially decreased profit attributable to shareholders of approximately HKD 25.0 million, compared with the profit attributable to shareholders of approximately HKD 161.8 million recorded last year. The expected decrease in profit is primarily due to (i) fair value losses of approximately HKD 35.4 million on the Group's portfolio of equity investments at fair value through profit or loss, compared with fair value gains of approximately HKD 26.1 million last year, mainly as a result of the turbulent equity market in Hong Kong during the relevant period; and (ii) decrease in share of profit of an associate of the Company, Y. T. Realty Group Limited, following completion of the disposal of its investment properties in Hong Kong on 29 February 2016, details of the disposal were contained in its announcements dated December 17, 2015 and February 29, 2016, and circular dated January 29, 2016.