The board of directors of China Uptown Group Company Limited informed the shareholders of the company and potential investors that based on its preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2015, it is expected that the Group would record a substantial decline in the profit and record a loss, as compared to the profit for the year ended 31 December 2014. The Directors believe that such decline in profit and the record of a loss is mainly attributable to, including but not limited to, the fact that after the completion of the 2014 Disposal, which the gain derived from it was recorded to the audited accounts of the Group for the year ended 31 December 2014, there is no further income derived from the 2014 Disposal of the Group for the year ended 31 December 2015.