China Rongzhong Financial Holdings Company Limited provided earnings guidance for the financial year ended March 31, 2017. The Board inform the Shareholders and potential investors of the company that based on the latest assessment by the Board with reference to information currently available, the Group is expected to record a loss of not less than approximately HKD 260.0 million for the financial year, as compared to a profit of approximately HKD 51.6 million for the previous financial year ended March 31, 2016. The Board considers that the expected loss was mainly due to the recognition of the provisions for impairment losses on finance lease receivables of the Group. The Board emphasize that the above-mentioned provisions made are non-cash in nature and do not have any impact on the cash flow of the Group.