Hsin Chong Group Holdings Limited provided group earnings guidance for the year ended December 31, 2016. For the year, the group is expected to record a loss as compared to a profit for the year ended 31 December 2015. It is mainly attributable to the following factors: the recognition of a fair value loss attributable to the change in fair value of the investment properties of the Group for the year ended 31st December, 2016, while a fair value gain in respect of such fair value change was recorded for the preceding year; impairment loss on properties under development was recognized for the current year; and provision for impairment on certain receivables.