International Standard Resources Holdings Limited provided earnings guidance for the year ended 31 December 2016. Based on information currently available, the board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to record a similar amount of loss for the year ended 31 December 2016 as compared to the year ended 31 December 2015 despite the fact that there is a fair value gain on the embedded derivative portion of the convertible notes of the Company. Such loss was mainly attributable to non-cash flow items of (i) impairment loss on the production sharing contract of the coalbed methane business in Anhui Province, the People's Republic of China; (ii) amortisation of the PSC; (iii) loss on revaluation of financial assets at fair value through profit or loss; and (iv) imputed interest incurred on the convertible notes of the Company, which the Board believes that there is no material impact on the cashflow position and operations of the Group.