Midas International Holdings Limited provided earnings guidance for the year ended 31 March 2015. For the year, the group expects to record a reduction in loss for the year ended 31 March 2015 as compared to that of the last year. The board of the directors informed shareholders of the Company that, based on an analysis of the unaudited financial information currently available, the Group expects to record a net gain after taxation arising from the disposal of subsidiaries of the Group; a net gain arising from the reversal of provisions of certain expenses and taxation undertaking in relation to the disposal of certain property holding subsidiaries of the Group in September 2007 as the respective undertaking had expired in September 2014; and a net gain arising from the disposal of property, plant and equipment.

The aggregate amount of the Net Gains will be approximately HKD 48 million. As a result of the recognition of the Net Gains, the Group expects to record a reduction in loss for the year ended 31 March 2015 by approximately 50% to 70% as compared to that of the last year.