The board of directors of Sino Prosper (Group) Holdings Limited to informed shareholders of the company and potential investors that the group's loss for the financial year ended 31 March 2015 may increase significantly as compared to the loss for the year ended 31 March 2014. Based on the information currently available, the Board considers that the increase in the group's loss for fiscal year 2015 is mainly attributable to the impairment loss expected to be recognised for fiscal year 2015 in respect of the group's exploration and evaluation assets. Based on the information currently available, it is estimated that such impairment loss will amount to approximately HKD 548 million.

The Board announced to point out that such expected impairment loss is of non-cash nature.