ZMFY Automobile Glass Services Limited provided earnings outlook for nine months ended September 30, 2015. For the period, the company expects to report loss as compared to profit for the corresponding period in 2014 based on the preliminary assessment by the Board of the financial information of the Group currently available. The Board believes that the loss was mainly attributable to the decrease in revenue from automobile repair garages which encountered a decline in their businesses and the increase in the purchase prices of automobile glass, together causing the gross profit to drop during the reporting period.

In addition, the Group incurred substantial legal costs and financial consultancy fees in this reporting period due to, inter alia, its existing legal proceedings in the Court of First Instance in the High Court of the Hong Kong Special Administrative Region.