Sino Golf Holdings Ltd. provided earnings guidance for the year ended December 31, 2015. The company expected to record a substantial loss attributable to the Shareholders for the year ended 31 December 2015 as compared to the profit attributable to the Shareholders for the year ended 31 December 2014. The reasons for the expected loss are mainly attributed to: (i) a substantial decrease in the Group's turnover by about 35% during 2015 due to the decrease in placement of orders from the Group's major customers; (ii) the loss of approximately HKD 31.7 million on disposal of off-season and impaired inventories; and (iii) the scaling down of the Group's manufacturing facilities in Guangdong Province, the People's Republic of China, which led to incurrence of certain expenses including severance payments to redundant workers of approximately HKD 6.6 million, impairment loss on goodwill of approximately HKD 6.8 million and loss on disposal of certain retired fixed assets of approximately HKD 3.8 million.