L & A International Holdings Limited provided earnings guidance for the year ended 31 March 2016. The board of directors of the Company informed the shareholders and potential investors of the Company that based on the information currently available and the preliminary review of the unaudited consolidated management accounts, the consolidated results of the Company for the year ended 31 March 2016 is expected to record a loss attributable to the owners of the Group and the loss for the year ended 31 March 2016 is expected to be more than that for the year ended 31 March 2015 by approximate 60%. Such loss was mainly attributable to (1) a tough retail environment in Hong Kong and (2) 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.