Viva China Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2016. Group is expected to record a profit attributable to the equity holders of the company for the six months ended 30 June 2016 as compared to a loss attributable to the equity holders of the company of approximately HKD 123,143,000 for the corresponding period in 2015 (the Expected Turnaround). Such estimated results for the six months ended 30 June 2016 has yet to take into account the share of results of an associate (Li Ning Company Limited, the issued shares of which are listed on the Main Board of the Stock Exchange) for the period between 1 January 2016 and 31 March 2016. The overall effect, when including the share of results of Li Ning Company Limited for such period, on the actual results of the Group for the six months ended 30 June 2016 may or may not be the same. The Board considers that the expected turnaround in the operating results which is mainly attributable to the significant improvement in revenue and gross profits for the six months ended 30 June 2016 of approximately 72% and 315% respectively, as compared to the revenue and gross profits in the corresponding period in 2015 and the sharing of the results of Li Ning Company Limited, which has already turned around from October 2015 to December 2015 as compared to a loss between October 2014 and March 2015.