VPower Group International Holdings Limited (“VPower Group”, SEHK: 1608), one of the largest private gas-fired engine-based distributed power generation (DPG) station owner and operator in Southeast Asia, is pleased to announce that, based on the currently available information, the Group expects the net profit for the year ended 31 December 2016 to increase significantly not less than 40%, when compared with the net profit for the year ended 31 December 2015 of HK$141.2 million. If excluding the one-off listing expense, the Group’s net profit would have been expected to increase not less than 70%.

The increase in the Group’s net

VPower Group (SEHK: 1608), one of Southeast Asia’s largest gas-fired engine-based Distributed Power Generation (DPG) owner and operator, has signed a non-binding Letter of Intent (“LOI”) with F.K. Generators and Equipment Ltd (“F.K.”) for the co-development in F.K.’s 80 MW installed capacity HFO-Fired Distributed Power Generation project in Iquitos, Peru on 12th December. Under the terms of the LOI, upon a satisfactory due diligence, VPower Group shall invest by way of convertible security initially with a view to converting into a substantial share in a project company after Project’s commercial operation date, targeted in 2H 2017.

The Project, to run