Nan Nan Resources Enterprise Limited provided earnings guidance for the year ended 31 March 2016. For the period, the company expects to record a significant increase in the net loss as compared to the net loss for the year ended 31 March 2015, which was mainly due to the significant decrease of approximately 50% in revenue of the group arising from the decrease in market demand of coal, the significant increase in loss arising from the change in fair value of convertible bond of the company and the expected impairment loss recognized in respect of the mining rights and the related fixed assets of the Kaiyuan Open Pit Coal Mine of the group of approximately HKD 12 million due to the expected decrease in the appraised value of the Coal Mine Assets.