The Board of Ernest Borel Holdings Limited announced to inform the Shareholders and the potential investors of the company that, based on information currently available, the Group is expected to record a net loss for the year ended December 31, 2015, which was primarily attributable to the following: (i) the decrease in revenue of approximately 31% based on the unaudited consolidated management accounts of the Group for the year ended 31 December 2015 and decrease in gross profit and margin due to the factors set out in the Announcement, as well as further deterioration of the retail market in Hong Kong in the fourth quarter of 2015 as compared to the same period in 2014 and (ii) the Group is expected to record a foreign exchange loss of approximately HKD 14,000,000 arising from the depreciation of the Renminbi against Hong Kong dollars.