Min Xin Holdings Limited announced that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016, it is expected that the profit attributable to the Shareholders for the year ended 31 December 2016 may record a decrease by approximately 45% to 50% as compared to that of the corresponding period in 2015. Such decrease is primarily due to (i) the recognition of the one-off loss on dilution of the company's shareholding in Xiamen International Bank from approximately 10.6289% to approximately 9.7635% in December 2016 of approximately HKD 40 million mainly due to the depreciation of Renminbi against Hong Kong Dollars, as compared to the one-off gain on dilution of the Company's shareholding in XIB of approximately HKD 73 million in 2015; and (ii) the decrease in share of results of XIB for the year ended 31 December 2016 as compared to that of 2015 as the company's shareholding in XIB had been diluted from approximately 14.8005% to approximately 10.6289% in June 2015.