Sino Resources Group Limited provided group earnings guidance for the six months ended Sep. 30, 2015. The company announced that after reviewing the unaudited management accounts of the group for the six months ended 30 September 2015, the board expects that the group will have an increase in loss for the period approximately HKD 44,000,000 as compared to the same period in 2014.

The increase in loss is mainly attributable to the followings: (i) A substantial increase in the staff costs of share-based payment of approximately HKD 20,950,000 for the Interim Period as result of the grant of 249,400,000 share options on 22 September 2015 to the directors and employees of the Group; (ii) Loss on disposal of financial assets of approximately HKD 3,625,000 for the investment of 10.5% issued share capital of Sino United Energy Investment Co. Ltd. incurred during the Interim Period; and (iii) Gain on disposal of shares of approximately HKD 21,330,000 recorded in the corresponding period in 2014 which was an one-off item.