Auto Italia Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2016. The company announced that based on the preliminary review of the unaudited consolidated management accounts of the group and the current information available to the Board, the group is expected to record a loss for the six months ended June 30, 2016 as compared to the unaudited net profit of approximately HKD 6.5 million for the six months ended June 30, 2015. Such loss is primarily attributable to (a) the decline in revenue of the Car Division and Financial Investments and Services Division due to uncertain economic environment and subdued market sentiment; (b) the change in fair value of the derivative component of investments in convertible bonds.