The board of directors of Alltronics Holdings Limited informed the shareholders of the company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016 and the information currently available, the Group is expected to record a significant increase in the profit attributable to owners of the company for the year ended 31 December 2016, which would be not less than 80% increase when comparing to the profit of approximately HKD 41.4 million for the year ended 31 December 2015. The significant increase in the profit attributable to owners of the Company was mainly due to the following factors: increase in sales revenue as a result of increase in demand mainly on electronic products from customers; improvement in overall gross profit margin due to continued effort to control production costs and overheads; depreciation of Renminbi against Hong Kong dollars during the year of 2016; and there was no impairment on goodwill for biodiesel business segment for the year ended 31 December 2016, as compared to an impairment of approximately HKD 8.3 million made for the year ended 31 December 2015.