The Board of Hop Hing Group Holdings Limited announced that, based on the preliminary review of the latest unaudited consolidated management accounts of the Group for the six months ended 30 June 2017, the Group expects to record an increase of not less than 100% in its consolidated profit attributable to shareholders of the company for the six months ended 30 June 2017 as compared to that for the six months ended 30 June 2016. During the period under review, the implementation of the Group's business strategies which includes, amongst others, (i) enhancing O2O strategies and delivery capability; (ii) adopting new store opening strategies model; and (iii) enhancing operating efficiency with cost control measures, together with the effect of the change of the type of tax charged on the Group from business tax to value added tax, which was effective from May 2016, have contributed to the increase in the consolidated profit attributable to shareholders of the company for the six months ended 30 June 2017, when compared to the corresponding period in 2016.