China Conch Venture Holdings Limited board of directors announced that it is expected to have a significant growth in results and may record an increase of approximately 70%-­90% in its net profit for the year ended 31 December 2017 as compared to that for the year ended 31 December 2016. The board believes that the share of the Group's profit attributable to Conch Holdings (being an associate of the Group) for fiscal 2017 would accordingly be enhanced, and the Group is expected to record a relatively significant increase in its net profit for fiscal 2017 of no less than 60% as compared to that for fiscal 2016.