The board of directors of L & A International Holdings Limited announced that based on the information currently available and the preliminary review of the unaudited consolidated management accounts of the Company, the consolidated results of the Company for the year ended 31 March 2017 is expected to record a substantial increase in the loss attributable to the owners of the Company as compared to the corresponding year ended 31 March 2016. Such increase in loss was mainly attributable to a tough retail environment in Hong Kong, a decrease in revenue from OEM segment primarily due to less cashmere contents of OEM products sold to customer given the demand for pure cashmere OEM products, which priced higher, was weakening due to an unexpected weakened consumer sentiment globally, the making of provision of inventories due to certain type of raw materials becoming obsolete over the years, and the increase in the administrative expenses of the Company which was mainly caused by the increase in the share option expenses for granting of share option for the year ended 31 March 2017.