iOne Holdings Limited Board informed the shareholders and potential investors of the Company that, based on the preliminary review of the Group's unaudited consolidated management accounts for the year ended December 31, 2015, the Group expects to record a decrease of approximately 25% to 30% in the amount of profit attributable to owners of the Company for the year ended 31 December 2015 as compared to that for the year ended 31 December 2014. Such expected decrease was mainly attributable to the following reasons ((ii) and (iii) were previously disclosed in the Company's announcement dated 19 August 2015): (i) a substantial increase in provisions for impairment of trade receivables of approximately HKD 14.6 million
for the year ended 31 December 2015 as compared to that for the year ended 31 December 2014 as a result of provisions for impairment in respect of certain high risk customers; (ii) while a one-off gain on disposals of available-for-sale investments (including equity investments and corporate bonds) of approximately HKD 2.6 million and interest income of approximately HKD 0.4 million from corporate bonds were recognized for the year ended 31 December 2014, there is no such income for the year ended 31 December 2015; and (iii) a decrease in revaluation gains from investment property for approximately HKD 2.6 million for the year ended 31 December 2015 as compared to that for the year ended 31 December 2014.

Notwithstanding that the Group has recorded an increase in revenue for the year ended 31 December 2015 as compared to the year ended 31 December 2014, such increase was substantially set-off by the increase in provisions for impairment of trade receivables.