Nan Nan Resources Enterprise Limited provided consolidated earnings guidance for the six months ended September 30, 2016. The board of directors of the company announced that, the Group expects a turnaround of its results by recording a net profit for the six months ended September 30, 2016 as compared to a loss for the six months ended September 30, 2015, which is primarily attributable to: an increase in the turnover of the Group to approximately HKD 25 million for the six months ended September 30, 2016, as compared to the turnover of the Group in the amount of approximately HKD 15.729 million for the six months ended September 30, 2015; an increase in the gross profit and gross profit ratio of the Group to approximately HKD 9 million and 35% respectively for the six months ended September 30, 2016, as compared to the gross profit and gross profit ratio of the Group in the amount of approximately HKD 3.919 million and 25% respectively for the six months ended September 30, 2015; and the change in fair value of the convertible bond for the six months ended September 30, 2016.