Winshine Entertainment & Media Holding Company Limited provided earnings guidance for the six months ended June 30, 2015. For the period, the company expects to record a loss which is substantially higher than that for the six months ended 30 June 2014. Such expected loss is primarily attributable to the decline in revenue of the toys division; and the recognition of share-based payment expenses as a result of the grant of share options as announced by the company on 10 April 2015 of approximately HKD 51 million, based on a preliminary valuation obtained from an independent professional valuer.