U Banquet Group Holding Limited provided Group earnings guidance for the six months ended June 30, 2016. The board of directors of the company announced that, based on the preliminary review on the unaudited management accounts of the Group and information currently available to the Board, the Group expects to record a substantial loss for the six months ended June 30, 2016 as compared to a profit attributable to the owners of the company of approximately HKD 3.9 million for the six months ended June 30, 2015. The expected loss for the six months ended June 30, 2016 is primarily and mainly attributable to the decrease in the revenue from the Chinese restaurant operation as a result of the deterioration in Hong Kong's retail industry in 2016. As a result, the revenue from the Chinese restaurant operation has declined by approximately of HKD 22 million as compared to that of the corresponding period in 2015.