The board of directors of Trigiant Group Limited announced that based on the board's preliminary assessment of the unaudited consolidated management accounts of the group for the six months ended June 30, 2016 (first half of 2016) and the information currently available to the group, the company is expected to record a decrease in unaudited profit for first half of 2016 of approximately 40% to 50% as compared to the unaudited profit of approximately RMB 140.5 million recorded for the six months ended June 30, 2015 (first half of 2015). It is expected that such decrease in profit for first half of 2016 was primarily attributable to a slight decrease in the turnover of the company for first half of 2016 mainly as a result of decrease in turnover of the group's major products, namely feeder cable series and flame-retardant flexible cable series. In spite of the fact that the group had recorded an increase in the sales volumes of feeder cable series and flame-retardant flexible cable series for first half of 2016 as compared to that for first half of 2015, such decrease in turnover was mainly due to a decrease in the average copper price, the major raw materials, resulting in a decrease in the selling price of feeder cable series and flame-retardant flexible cable series, which are linked to copper price; the allowance for bad and doubtful debts made to trade receivables for first half of 2016 due to extension of the payment period of customers. No such allowance was made in first half of 2015; but the decrease in profit was partly offset by a gain on fair value change of the warrants issued by the company in April 2014 of approximately RMB 7.4 million recognized for first half of 2016 whereas a loss on fair value change of warrants of approximately RMB 27.3 million was recognized for first half of 2015.