Li Bao Ge Group Limited provided earnings guidance for the year ended 31 December 2016. For the year, the group is expected to record a substantial increase in profit attributable to owners of the company as compared with that of the year ended 31 December 2015. Such substantial increase was mainly attributable to (i) the Sheung Wan Restaurant and the Beijing House Restaurant, which were opened at the end of October 2015, incurred an aggregate operating loss of approximately HKD 5.5 million for the year ended 31 December 2015, while the operating loss for the year ended 31 December 2016 was substantially decreased upon their operations have been put on track during the year; (ii) the operating profit of the Shenzhen Restaurant was significantly increased for the year ended 31 December 2016 as a result of the increase in revenue which led to the increase in gross profit generated by the Shenzhen Restaurant; (iii) the Group incurred a loss on disposal of financial assets at fair value through profit or loss amounted to approximately HKD 2.5 million for the year ended 31 December 2015 while there was no such loss recorded for the year ended 31 December 2016; and (iv) the Group's profit for the year ended 31 December 2015 was shared by non-controlling interests in the amount of approximately HKD 3.0 million while the Group did not have non-controlling interests for the year ended 31 December 2016.