Elegance Optical International Holdings Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended September 30, 2016, it is expected that the Group will record a substantial decrease in its loss for the six months ended September 30, 2016 as compared to the loss of approximately HKD 37.78 million for the six months ended September 30, 2015. Such expected decrease in the loss is primarily attributable to a gain on disposal of Jet Kingdom Machinery Technology Company Limited of approximately HKD 18.90 million which was recognized in the interim results of the Group during the six months ended September 30, 2016. The unaudited gain on the Disposal of approximately HKD 18.90 million is one-off and non-recurring in nature.