Quali-Smart Holdings Limited provided update on earnings guidance for the year ended 31 March 2016. As explained in the Profit Warning announcement, the Group had intangible assets and goodwill of about HKD 81.0 million and HKD 51.8 million related to the PMT Group on its consolidated statement of financial position as at 30 September 2015 which might be subject to review by the Directors during the annual audit process to determine if there would be any impairment loss for intangible assets or goodwill arising from the PMT Group. The Directors informed the Shareholders and the potential investors of the Company that the estimated amount of the possible impairment loss in relation to PMT Group's intangible assets and goodwill for the year ended 31 March 2016 would not be less than HKD 48.0 million. As a result, the Group is expected to record a significant increase in loss attributable to the Shareholders for the year ended 31 March 2016 when compared with the previous corresponding period. The would like to emphasize that this impairment loss on intangible assets and goodwill is a non-cash item which will have no impact on the Group's daily operations and cashflows.