Man Sang International Limited provided earnings guidance for the year ended March 31, 2017. The board of directors informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Company for the year ended 31 March 2017, the company is expected to record a loss attributable to equity holders of the Company for the year ended 31 March 2017 as compared to a profit attributable to equity holders of the Company of HKD 51.2 million for the year ended 31 March 2016. The expected loss is mainly attributable to (i) an increase in finance costs as a result of the promissory note issued by the Company as part of the consideration for the acquisition of a property located in Chongqing, the People's Republic of China, which was completed on 28 July 2016, at the interest rate of 8% per annum; (i) an increase in finance costs due to the existing mortgage loan of the newly acquired property from the Acquisition at an effective interest rate of 8.1% per annum; (iii) an increase in finance costs in relation to the secured bonds issued by the Company in November 2016 at the interest rate of 9% per annum, details of which are disclosed in the Company's announcement dated 3 November 2016; and (iv) a loss in fair values of investment properties and investment properties under construction for the year ended 31 March 2017 in contrast to a gain in fair values of investment properties and investment properties under construction for the year ended 31 March 2016.