Daohe Global Group Limited provided earnings guidance for the year ended April 30, 2016. The board announced that it is expected that the group will record a loss for the financial year ended April 30, 2016 based on the latest information available to the directors. The loss is attributable to the non-cash impairment to be made by the group on the goodwill of approximately $0.9 million in relation to the acquisition of 60% equity interest in (Shenzhen Guo Cai Sheng Tang Investment Co. Ltd.).