ITC Corporation Limited provided earnings guidance for the six months ended September 30, 2016. The group expects to record a 20% to 40% decrease in profit for the six months ended September 30, 2016 as compared with a profit of approximately HKD 210 million for the six months ended September 30, 2015 based on the profit warning announced of ITC Properties Group Limited (ITCP) dated November 4, 2016 and the latest announced results of the other associates, including the results of PYI Corporation Limited announced. The record of such decrease in profit for the Period is mainly attributable to an expected decrease in the share of results of ITCP which announced that a 40% to 50% decrease in the net profit for the period as compared with that for the corresponding period is expected, and the absence of gain on acquisitions of additional interest in PYI of approximately HKD 63 million for the corresponding period.