The board of directors of Emperor Watch & Jewellery Ltd. announced that based on the information currently available and preliminary review on the unaudited consolidated management accounts, the Group expects to record an increase in net loss by not more than 30% for the six months ended 30 June 2016 as compared to the corresponding period last year. Such increase in net loss was mainly attributable to a decline in revenue, which was due to the weakened consumption sentiment in Hong Kong resulting from a strong local currency and falling Mainland China visitor arrivals.