The board of directors of Target Insurance (Holdings) Limited informed the shareholders (the "Shareholders") and potential investors of the Company that, based on the unaudited management accounts of the Group for the year ended 31 December 2017 (the "Management Accounts"), it is anticipated that the Group will record a net profit of not less than HKD 20 million for the year ended 31 December 2017 as compared with the net loss for the last corresponding year. The turnaround of the financial results was due to the substantial increase in investment income which was partly offset by the underwriting loss.