Man Sang International Limited provided earnings guidance for the six months ended 30 September 2016. The board of directors of the company informed the shareholders of the company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the company for the six months ended 30 September 2016, the company is expected to record a loss attributable to equity holders of the company for the six months ended 30 September 2016 as compared to a profit attributable to equity holders of the company of HKD 19.3 million for the six months ended 30 September 2015. The expected loss is mainly attributable to (i) an increase in finance costs as a result of the promissory note issued by the company as part of the consideration for the acquisition of a property located in Chongqing, the People's Republic of China. which has been completed on 28 July 2016, at the interest rate of 8% per annum; (ii) an increase in finance costs due to the existing mortgage loan of the newly acquired property from the acquisition at an effective interest rate of 8.1% per annum; and (iii) a reduction in revenue generated from the sales of properties in the Group's property project located in Zhuji City, Zhejiang Province, the People's Republic of China.