The board of directors of UMP Healthcare Holdings Limited informed the shareholders of the company and potential investors that, based on the information currently available to the Board and the preliminary review of the unaudited management accounts of the Group, the Board expects that the net profit of the company for the six months ended 31 December 2017 will represent a significant increase of approximately 450% as compared with the net profit of HKD 3.0 million for the six months ended 31 December 2016. Such significant increase in net profit is primarily attributable to the reduced operating losses of four PRC clinics in Beijing and Shanghai. Such four PRC clinics had since been disposed to Healthcare Assets Management Limited following the disposal of UMP Management and UMP Management III pursuant to the UMP Management SPA and UMP Management III SPA (the “Disposal''). In addition, based on the preliminary review of the unaudited management accounts of the Group, the company expects to record a total revenue of approximately HKD 281 million in the first half of 2018, representing a period to period increase of approximately 12%.