Ground Properties Company Limited provided earnings guidance for the year ending March 31, 2016. Group may record a significant increase of over 250% in its net loss for the year ending 31 March 2016 when compared with that of approximately HKD 22.7 million for the year ended 31 March 2015. The significant increase in loss is primarily attributable to (a) a significant increase in legal and professional fees by over HKD 30 million from that of approximately HKD 7.4 million for the year ended 31 March 2015 in relation to the proposed acquisition of Ka Yun Investments Limited and its subsidiaries; the acquisition of Jilin Wan Sheng Property Development Company Limited, which was approved by the Shareholders in the special general meeting of the Company held on 18 January 2016; an exchange loss of approximately HKD 12 million (2015: approximately HKD 2 million) upon translation of the pledged RMB deposits held by the Group during the current financial year; and the absence of significant expectant fair value gain on its investment properties during the current financial year given the current Hong Kong property market conditions (2015: approximately HKD 25 million).