Jiu Rong Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2015. Based on a preliminary assessment on the unaudited consolidated management accounts of the group, the board of directors of the company announced that it is expected to record a loss for the year ended 31 December 2015 as compared with the profit for the year ended 31 December 2014. The loss is mainly caused by: decrease in sale of water meters, television and set-top box of approximately 20%; increase in administrative and operating expenses of approximately 100% for the year ended 31 December 2015 compared with the corresponding year ended 31 December 2014; one-off impairment of intangible assets of approximately HKD 7.30 million; and one-off impairment of accounts receivables of approximately HKD 4.10 million.