The board of directors of Zhidao International (Holdings) Limited announced that, based on the preliminary review of the latest unaudited consolidated management accounts of the Group for the year ended 31 March 2016 and information currently available to the Board, mainly because of a non-cash expense as a result of the recognition of share-based payment in which share options were granted as announced on 2 March 2016, it is anticipated that the Group will record a significant increase in loss attributable to equity holders of the Company for the year ended 31 March 2016 as compared with that for the year ended 31 March 2015.