Richly Field China Development Limited provided earnings guidance for the year ended March 31, 2016. The board of directors of the company announced that, based on the review of the unaudited financial statements of the Group currently available to the Board, despite the Group continued to record an operating loss, the Group is expected to record a significant loss attributable to Shareholders for the year ended March 31, 2016. Based on the analysis of the information currently available, such significant increase in loss is primarily attributable to a gross loss of properties under development and completed properties held for sales and impairment on the valuation of the investment property.