China Smartpay Group Holdings Limited provided earnings guidance for the year ended March 31, 2016. For the year, the group is expected to record a net profit not less than approximately HKD 70 million for the year ended 31 March 2016 as compared to a net loss of approximately HKD 70.5 million for the year ended 31 March 2015. The net profit excluding share compensation costs is estimated to be no less than HKD 136 million for the year ended 31 March 2016 as compared with a loss of HKD 17 million of last year. The substantial profit growth is attributable to: the fair value gain on fair value through profit and loss in relation to Group's recent acquisition of approximately 19.68% of the equity interests in Zhi Cheng Holdings Limited; and substantial improvement of profitability of the payment business.