Four Seas Mercantile Holdings Limited provided consolidated earnings guidance for the six months ended September 30, 2015. The board of directors of the company announced the shareholders of the company and potential investors that, based on the information currently available to the board and the preliminary review of the latest unaudited consolidated management accounts of the group, it is expected that the group will record a decrease in the range of approximately 40% to 50% in its consolidated profit attributable to equity holders of the company for the six months ended 30 September 2015 as compared with the corresponding period for the six months ended 30 September 2014. Based on information currently available to the company, the Board considers that such decrease is primarily attributable to the weakening sentiment of the retail market and the overall consumer market in which the Group operates as a result of the economic slowdown, and the intensified competition within the industry, pursuant to which the Group has (i) increased its marketing and promotional expenses for the six months ended 30 September 2015 as compared to the corresponding six months ended 30 September 2014; and (ii) made downward adjustment to the selling prices of certain products of the Group, in order to cope with the current market conditions and to enhance the competitiveness of the Group as a whole.