Changshouhua Food Company Limited announced that Mr. Sun Guohui, an executive Director, will retire from office by rotation pursuant to Article 84(1) of the Articles of Association of the company.

The Directors recommend the payment of a final dividend to the shareholders of 10 Hong Kong cents per share for the year ended 31 December 2015 (2014: 20 Hong Kong cents per share), subject to shareholders' approval at the forthcoming annual general meeting. The proposed final dividend declared after the reporting date has not been recognised as a liability at the reporting date, but reflected as an appropriation of share premium account for the year. The final dividend to be paid on 29 June 2016 to the shareholders whose names appear on the register of members of the company on 8 June 2016.

The company reported audited consolidated earnings results for the year ended December 31, 2015. For the year, the company's revenue was RMB 2,782,426,000 compared to RMB 2,778,948,000 a year ago. Profit from operations was RMB 288,618,000 compared to RMB 324,232,000 a year ago. Profit before income tax was RMB 271,523,000 compared to RMB 309,335,000 a year ago. The decrease in profit before income tax was mainly due to the one-off exchange loss arising from repayment of loans of approximately RMB 12.2 million, and to a lesser extent, a decrease in other income of approximately RMB 5.3 million and an increase in other administrative expenses of approximately RMB 9.7 million. Profit attributable to owners of the Company was RMB 210,771,000 compared to RMB 266,279,000 a year ago, mainly due to an increase of approximately RMB 17.7 million in enterprise income tax as a result of an increase in distribution of dividends and no utilisation of previous tax losses to offset against the income tax expenses in 2015. Basic earnings per share attributable to owners of the Company was 36.75 cents compared to 46.43 cents a year ago.