Hong Kong Education (Int'l) Investments Limited provided Group earnings guidance for the year ended June 30, 2016. The Group is expected to record a net loss for the year ended June 30, 2016 as compared to a net profit of approximately HKD 32.9 million for the year ended June 30, 2015. The Board considers that such expected loss was mainly attributable to the loss arising on disposal and change in fair value of listed held-for-trading investments of approximately HKD 40.4 million and the impairment loss on listed available-for-sale investment of the Group of approximately HKD 54.2 million recorded in full year of 2016 and the increase in finance costs as compared to full year of 2015 principally as a result of the interests expenses of approximately HKD 8.1 million incurred in full year of 2016 on loan notes in the aggregate principal amount of HKD 150 million issued by the company in December 2015.