Zhong Fa Zhan Holdings Limited provided earnings guidance for the six months ended 30 September 2016. The board of directors of the company informed the shareholders of the company and potential investors that based on the preliminary review of the unaudited management accounts for the six months ended 30 September 2016, the Group is expected to record a net loss of approximately HKD 22 million, representing a substantial deterioration in performance as compared to the net loss of approximately HKD 11 million for the six months ended 30 September 2015. Such loss for the six months ended 30 September 2016 was mainly due to the decrease in the Group's revenue for the six months ended 30 September 2016 as compared to that of the corresponding period in 2015 as a result of the overall economic downturn in the People's Republic of China which has dragged down growth in the PRC's jewelry market; the recognition of approximately HKD 8.3 million as the equity-settled share-based payment expenses for the six months ended 30 September 2016; and the increase in the administrative expenses relating to the commencement of the new solar energy business during the period.