The board of directors of Gold Tat Group International Limited informed the shareholders of the company and the potential investors that, based on its initial assessment of the group's unaudited management accounts, the group is expected to record a significant increase in loss for the year ended 31 March 2016 as compared to the loss recorded for the year ended 31 March 2015. The significant increase in loss is mainly attributable to, including but not limited to: (1) substantial decrease in the Group's turnover and gross profit whereas such decreases were mainly attributable to a downturn in the mobile phones and tablet markets which in turn resulted in decrease in demand for LCD panel and modules and also the declining market selling prices of the products; (2) impairment losses on investments in associates of approximately HKD 25,000,000 and write-down of properties under development of approximately HKD 15,000,000 which are subject to the review of the Board and the audit committee of the company together with the discussion with the company's auditors; (3) increase in share of losses of associates; (4) decrease in fair value of an investment property; (5) loss on disposal of subsidiaries of approximately HKD 2,973,000 for the year ended 31 March 2016; whilst the Group recorded a profit of approximately HKD 3,905,000 from discontinued operations of mobile data solutions business for the year ended 31 March 2015; and (6) potential provision for impairment on the Group's goodwill in relation to the trading business, mainly due to recorded operating losses and decrease in estimated future profitability.