The board of directors of Tai Shing International (Holdings) Limited announced that, based on information currently available to the Board, the consolidated losses attributable to owners of the company for the year ended 31 March 2016 is expected to increase as compared to the consolidated losses attributable to owners of the company of approximately HKD 0.5 million for the year ended 31 March 2015. The losses were mainly due to the realised and unrealised loss from investments of trading securities of approximately HKD 23 million, significantly increased administrative expenses contributed by the share based payment expenses, partially offsetted by the recovery of impairment losses recognised in the past amounted to approximately HKD 28 million.