The board of directors of Keen Ocean International Holding Limited informed the shareholders and potential investors of the company that, based on the information currently available to the Board, including the unaudited management accounts and after preliminary assessment, the Group is expected to record a significant increase in loss attributable to the shareholders of the company for the three months ended 31 March 2016 as compared to that for the corresponding period in 2015. Based on the information currently available, the Board is of the view that such increase in loss was mainly attributable to the decline in turnover as a result of uncertain economic environment and the recognition of the remaining balance of listing expenses in profit or loss.