The board of directors of the Shanghai Tonva Petrochemical Co., Ltd. announced that, based on its preliminary review of the latest unaudited management accounts of the Group for the eleven months ended 30 November 2015 and the information available for the time being, the consolidated profit attributable to owners of the company for the eleven months ended 30 November 2015 is expected to be increased by more than 30% as compared with the corresponding period in 2014. Based on the information currently available, the directors of the company believe that the expected significant increase in profit for the eleven months ended 30 November 2015 is mainly attributable to the significant increase in turnover of petrochemical products supply chain business of the Group; and the decrease in administrative expenses of the Group.