Chinese People Holdings Company Limited provided earnings guidance for the year ended March 31, 2016. For the year, the Group is expected to record a significant loss for its financial year ended 31 March 2016 as compared with the profit recorded by the Group for its financial year ended 31 March 2015. The loss was mainly due to a possible impairment loss recognised for intangible assets with the unaudited carrying values of approximately RMB 315,652,000 as at 31 March 2016.