The board of directors of L'sea Resources International Holdings Limited announced that based on the preliminary review of the latest unaudited financial information of the Group currently available to the Board, the Group is expected to record a significant increase in net loss for the six months ended June 30, 2015 as compared to the corresponding period in 2014 primarily attributable to (a) a possible impairment loss on the asset value of the tin mine held by the Group located in Tasmania, Australia based on the preliminary valuation of the tin mine as at June 30, 2015 and (b) an estimated decrease in revenue of the Group for the six months ended June 30, 2015 as compared to the corresponding period in 2014. The possible impairment loss and decrease in Revenues were mainly due to the drop of tin prices in the international market during the period.