Zhong Ao Home Group Limited expects that the unaudited consolidated net profit for the six months ended 30 June 2017 will be no less than RMB 40 million as compared to a net loss for the corresponding period in 2016. A turnaround of the Group's performance was primarily attributable to, among others, (i) increase in revenue of the Group from Property management services for more than 80% as compared to the corresponding period in 2016 as a result of the organic growth of the Company by obtaining new property management services engagements and the revenue generated from Zhejiang Yongcheng Property Management Company Limited, which was acquired by the company in October 2016; and (ii) the significant decrease of net loss incurred for the online-to-offline (O2O') platform business for the six months ended 30 June 2017 to approximately RMB 4 million, whereas the net loss incurred for the O2O platform business amounted to approximately RMB 31.1 million for the corresponding period in 2016 as disclosed in the Announcement.