The board of directors of Tack Fiori International Group Limited informed the shareholders of the company and potential investors that, based on the preliminary assessment of the Group's unaudited management accounts for the year ended 31 March 2015 and information currently available to the Board, the Group is expected to record a loss for the year ended 31 March 2015. However, the overall loss is expected to be decreased as compared with that of the corresponding period in 2014. The Board considers that the decrease in loss for the year ended 31 March 2015 is principally attributable to (i) the removal of losses related to the discontinued operations of approximately HKD 40.23 million; (ii) the impairment on property, plant and equipment of approximately HKD 6.14 million recognized in the corresponding period in 2014; and (iii) the decrease in administrative, selling and other operating expenses that resulted from the change in focus of sales channel from shops to e-commerce in relation to apparel business, while partly offset by the increase in impairment on inventories and trademark in aggregate of approximately HKD 16.8 million recognized during the year ended 31 March 2015 and the fair value gain of held-for-trading investment of HKD 14.6 million and other income of HKD 17.32 million recognized in the corresponding period in 2014.