The board of directors of China Environmental Resources Group Limited informed the shareholders of the company and the potential investors that, based on information currently available, the Group is expected to record a loss for the year ended 30 June 2015, the amount of which is similar to the loss for the corresponding period in 2014. This is the combined effects of decrease in gross profits resulted from a fall in green technology advisory fee income; net gain on fair value changes of financial assets at fair value through profit or loss; loss from changes in fair value less costs to sell of biological assets; and general and administrative expenses savings due to cost-tightening measures taken by the management during the year ended 30 June 2015.