The board of directors of Wai Chun Group Holdings Limited announced that the audited results of the Group for the year ended 31 March 2016 will be affected by the share option expenses to be recognized for the granting of share options to certain consultants and an employee of the Group during the year. It is expected that a substantial increase in the net loss of the Group and the loss attributable to the equity holders of the Company for the year ended 31 March 2016 will be reported as compared to the audited results reported for the financial year ended 31 March 2015. Based on information currently available, the Board further inform that the substantial increase in the net loss and the loss attributable to the equity holders of the Company for the year ended 31 March 2016 was primarily due to the share option expenses amounting to approximately HKD 19,680,000 would be recognized for the granting of share options to certain consultants and an employee of the Group during the year. The Board also considers that the share option expenses incurred as abovementioned is a non-cash item. As such, no significant adverse change is expected to impact on the operating cash flows of the Group.