The board of directors of Global Link Communications Holdings Ltd. announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 December 2015, it is expected to record a substantial increase in loss or the nine months ended 31 December 2015 as compared to that of the corresponding period in 2014. The Board believes that the loss is primarily due to: (i) the adjustment and delay of delivery schedules for certain contracts resulting in a substantial decrease of total shipments during the period. Accordingly, turnover declined substantially as compared with the same period last year; and (ii) expenses relating to the "smart cities" business, which had yet to generate income.