The board of directors of Runway Global Holdings Company Limited informed the shareholders and potential investors that based on the management's preliminary assessment of the unaudited consolidated management accounts, the Group is expected to record a decline in the profit attributable to the owners of the company for the year ended 31 December 2015 by 35% to 45% as compared with the profit attributable to the owners of the company for the year ended 31 December 2014. The Board considers that the decline in the profit for the year ended 31 December 2015 was primarily attributable to: (i) significant increase in the selling and distribution expenses due to expansion of own brand operation and (ii) increase in administrative expenses due to increase in salaries and legal and professional expenses.