The board of directors of SinoMedia Holding Limited announced that, based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group, the profit attributable to equity shareholders of the company for the six months ended 30 June 2018 is expected to record an increase by over 300% as compared with that for the corresponding period in 2017. Based on information currently available, the expected increase in profit is mainly attributable to: the increased investment in market development and optimizing in marketing strategies; and the improvement in operational efficiency by adjusting the less efficient business of the Group.