The Board of Directors of Hosen Group Ltd. announced that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the financial year ended 31 December 2015 ("FY2015") currently available to the Board, the Group is expected to report a net loss for FY2015. The loss is mainly attributable to the foreign exchange loss on the depreciation of Malaysia Ringgit, allowance for additional inventory obsolescence and start-up cost incurred in Malaysia by Hosen Chocolate Sdn. Bhd., a newly incorporated subsidiary in FY2015.