The board of directors of Shanghai International Shanghai Growth Investment Limited announced to the shareholders of the company and potential investors that based on a preliminary assessment by the Board of the unaudited management accounts of the company for the year ended 31 December 2015, the company is expected to record a net loss of approximately USD 1.3 million for the year ended 31 December 2015 as compared to an audited net profit of approximately USD 2.4 million for the corresponding year in 2014.