Chen Hsong Holdings Limited provided group earnings guidance for the year ended March 31, 2016. For the period, the group shall record a substantial loss attributable to equity holders of the company as compared to a profit for the year ended 31 March 2015. The substantial loss for the Year was primarily attributable to a considerable loss of foreign exchange of approximately HKD 66 million mainly from the Renminbi depreciation. In August 2015, the People's Bank of China devalued the Renminbi by lowering its daily mid-point trading price. The Group with substantial investments in Mainland China saw its results of the Year impacted by that currency move; an approximately 20% decrease in turnover for the Year as compared with last year. Slowing economy in Mainland China and sharp fall in currencies against the U.S. Dollar in many countries during the Year greatly affected market demands. As a result, the Group's order intake and deliveries had been adversely impacted; and a substantial impairment of assets. In view of the current unfavourable market situations, the Group has been assessing the impairment amounts for its assets, including fixed assets, trade receivables, inventories, etc. which would have a significant impact on the results of the Group for the Year.