The board of directors of Celebrate International Holdings Limited announced that the group is expected to record a loss for the three months ended September 30, 2015 as compared to the profit recorded for the corresponding period in 2014. The Board believes that the reversal from profit to loss was mainly attributable to the gain of approximately HKD 7.8 million arising from early redemption of the convertible bonds recorded in the three months ended September 30, 2014; and the substantial reduction in the fair value of financial assets through profit or loss recorded in the three months ended September 30, 2015.