The board of directors of EverChina Int'l Holdings Company Limited informed the shareholders of the company and potential investors that based on the preliminary review and the latest available unaudited management accounts of the group, the group is expected to record an increase in the loss for the year ended 31 March 2016 as compared to the loss recorded for the year ended 31 March 2015. Such increase was mainly attributable to the significant increase in impairment loss on the mining right of the Group (31 March 2015: HKD 194,200,000) caused by the continuous drop in the market price of manganese ore during the year.