The Board of Directors of Yongmao Holdings Limited issue a profit guidance for the first quarter results ended June 30, 2015. Based on the preliminary figures, the Group expects to record a net loss for first quarter of fiscal 2016, as compared to the previous corresponding quarter ended June 30, 2014. This is mainly due to lower revenue and profit margins arising from sluggish domestic PRC market conditions and lower rental revenue contribution from Macau operations following the completion of various casino projects.

Furthermore, in first quarter of fiscal 2015, there is also a one-time gain on restructuring and unrealised profits from sales of towercranes and accessories to associated companies recognised upon completion of the restructuring.