The Board of Directors of Natural Cool Holdings Limited and together with its subsidiaries, announced that following a preliminary review of the group's unaudited financial results for the financial year ended 31 December 2016, the group is expected to report a net loss for financial year 2016. The expected net loss for financial year 2016 is mainly attributable to the absence of profit from discontinued operations in financial year 2016, arising from the disposal of Gather gates Group which was completed in financial year 2015, impairment loss on goodwill in the Paint division, probable impairment loss arising from the Group's other investment and higher operating costs.